XRP Soars to Third Place: Market Capitalization Surges Over 20%

XRP has experienced a remarkable surge, taking the third place position in market capitalization with a rise of over 20% this week. The coin now holds a market cap of $153.44 billion, surpassing Tether (USDT) and challenging its dominance in the stablecoin space. XRP’s impressive performance is attributed to investors’ increasing confidence in the cross-border payments token, further fueled by recent institutional investment trends. 24 hours of trading saw a continued 3.54% increase in price, highlighting sustained buying momentum.