XRP is once again the third largest cryptocurrency after a 4-year battle with the SEC

XRP has made a historic comeback as the third largest coin by market capitalization, and the number of searches for "XRP" on Google surpassed that of "cryptocurrency".

XRP, the cryptocurrency used by the American blockchain payment company Ripple, has made a historic comeback as the third largest coin by market capitalization, prompting reactions from the community.

XRP

$2.36

dropped out of the top three cryptocurrencies by market capitalization in December 2020 when the U.S. Securities and Exchange Commission sued Ripple over allegations of facilitating an "unregistered digital asset securities offering".

With the SEC lawsuit nearing resolution and Ripple achieving several legal victories in 2024, XRP has recovered, recording a massive increase in November following Donald Trump's victory in the U.S. presidential elections.