XRP continues to rise "unstoppably", becoming the 3rd largest market cap coin in the world
XRP is experiencing a strong growth surge, making it the third largest market cap coin in the market, behind Bitcoin and Ethereum. The main reason for this growth is due to positive developments related to the legal status of XRP, particularly in the lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The recent decision in favor of Ripple has boosted investor confidence in XRP, leading to a significant influx of capital into this coin.
The positive market sentiment is also reinforced by the increase in trading volume and the fact that many exchanges have relisted XRP, facilitating easier access to and trading of this coin. If this trend continues, XRP could maintain its position or even rise higher in the market capitalization rankings. However, macroeconomic factors and the overall sentiment of the cryptocurrency market still need to be monitored, as they could impact the sustainability of this growth surge.