XRP (Ripple) enters the top 3 cryptocurrencies and surpasses BlackRock’s market capitalization

XRP (Ripple) is back in the spotlight with an impressive rally. After a 31.5% price increase since the start of 2024, XRP’s market capitalization has surpassed that of asset management giant BlackRock, making itself the third-largest cryptocurrency in the world.

XRP (Ripple) returns to the top three in cryptocurrencies

At a price that reached $2.89 in January, XRP Tether has overtaken USD (USDt) in terms of market cap, taking third place behind Bitcoin (BTC) and Ethereum (ETH).

Currently, it exceeds the market cap of XRP $159 billionAway from Tether (USDT), which ranks fourth in value $137 billion.

This performance represents a major comeback for XRP, whose value has remained stagnant due to regulatory uncertainties related to the Ripple-SEC issue. However, improvement in market sentiment and technological innovation have breathed new life into the project.

Among the factors that contributed to the emergence of XRP:

1. New products from Ripple Labssuch as the recent launch of the RLUSD stablecoin.
2. The potential for a spot ETF on XRP, which could attract billions of dollars in new investments, according to JPMorgan estimates.
3. SEC Chairman Gary Gensler is scheduled to exit in January 2025, which could lead to a more favorable regulatory framework for cryptocurrencies.

Moreover, the announcement of pro-cryptocurrency policies by the Trump administration, which will take office on January 20, has increased investor optimism.

XRP outperforms BlackRock

In addition to dominating the cryptocurrency rankings, XRP achieved another significant milestone: it surpassed BlackRock, the world’s largest asset manager.

With the current market value $149 billionXRP has overtaken BlackRock, which has reached a higher valuation of $9.46 billion.

This comparison highlights the growing importance of the cryptocurrency sector, which is able to compete with traditional economic giants such as Disney and BlackRock.

Analysts remain optimistic about the future of XRP. According to forecasts shared by BitBelleza, a well-known industry analyst, the price of the cryptocurrency could reach $4 or $5 in the short term, and up to $27 by the end of 2025This is thanks to factors such as:

• Instant ETF approval.
• Regulatory stability in the United States
• Growing adoption of Ripple blockchain technology for cross-border payments.

XRP future

Thanks to a strong technology base and renewed interest from investors, XRP is asserting itself as one of the most influential cryptocurrencies in the bull market.

Its ability to outperform financial giants like BlackRock not only represents a turning point for the Ripple project, but also a sign of the transformative potential of cryptocurrencies in the global economy.

Renewed interest in XRP, fueled by technological developments, strategic partnerships and the prospect of more favorable regulation, highlights the potential of this cryptocurrency as a leading solution for cross-border payments.

With a market cap that has already exceeded $159 billion and growing support from the investor community, XRP could continue to be the benchmark for the cryptocurrency sector in the coming years.