The digital asset XRP has regained its position as the third-largest cryptocurrency by market capitalization, replacing the stablecoin tether (USDT).
XRP surpassed the market capitalization of USDT during the price surge at the beginning of 2025.
As of Friday, January 3, 2025, XRP has climbed to the third position in valuation, behind only bitcoin (BTC) and ethereum (ETH). At 11 AM Eastern Time, XRP was trading at $2.46, reflecting a 1.5% increase against the US dollar. Its market capitalization reached $141.06 billion, surpassing USDT's $137.08 billion.
On December 16, 2024, the market capitalization of USDT surpassed $140 billion but has since declined by nearly $3 billion. Unlike stablecoins, the pricing of XRP is driven by its performance against the US dollar, with a 13.1% increase in two weeks and a 390% increase over the past 90 days. Currently, it ranks sixth in global trading volume, with $6.08 billion in transactions.
Over the weekend, XRP's primary trading pair was USDT, followed by the South Korean won (KRW), US dollar (USD), USDC, and the first digital US dollar (FDUSD). In the past day, XRP's price increase resulted in $1.78 million in liquidations in the derivatives market. In a significant start to the year, Ripple transferred 1 billion XRP from a trust account to its wallet, attracting widespread attention to this asset.
Since the beginning of 2025, XRP has increased in price by more than 17% against the US dollar, reinforcing its impressive start to the new year. The strong resurgence of XRP illustrates the liquidity of market momentum and investor confidence, highlighting its potential for robust growth in changing financial models. As we progress into 2025, the path of cryptocurrency may influence broader conversations regarding market volatility, wealth creation, and the complex dance between digital currency and stablecoins.
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