Ripple (XRP) market cap has reached an all-time high, surpassing $140 billion according to CoinGecko data, making it the third-largest cryptocurrency after Bitcoin and Ethereum before falling to fourth place at the time of publication.
XRP has surged 400% over the past month to around $2.3, with a 26% increase in the last 24 hours.
This achievement restores XRP to its former glory before the SEC lawsuit crisis that began in December 2020, which caused its price to drop significantly and it fell down the rankings.
Now, XRP is just 27% away from its all-time high of $3.4 hit in January 2018.
The currency's recent surge has been linked to regulatory and political changes, including the resignation of SEC Chairman Gary Gensler, which could open the door to legal settlements in Ripple's favor.
Additionally, positive developments such as plans to launch the RLUSD stablecoin, increased institutional interest, and Ripple’s expanding business helped fuel this rally.
Bitcoin still holds the top spot with a market cap of around $2 trillion, followed by Ethereum at $448 billion, while Ripple is proving its worth as one of the most important players in the cryptocurrency market.