XRP Rises to Top 3 Cryptocurrencies, Will It Surpass ETH?

XRP Reclaims 3rd Position in the Cryptocurrency Market

XRP has reclaimed its position as the third-largest cryptocurrency by market capitalization, trading at $2.61. XRP's market capitalization has soared to nearly $153 billion, surpassing Tether. Optimism from the negotiations between the United States and China has improved market sentiment, helping XRP rise 7-12% over the past three days.

Growth Momentum of XRP

The upward trend of XRP is supported by a strong increase in Open Interest, rising by over 1 billion USD. Specifically, the Open Interest of XRP futures contracts increased from 2.42 billion USD to 3.42 billion USD in just one week, reflecting high speculation and strong confidence in the price trend.

Increased Interest

The number of XRP wallets has reached a record high of nearly 6.5 million non-empty wallets, indicating strong interest from both individual and institutional investors. By early 2025, more than 638,000 new wallets have been created.

Predictions About XRP And Ethereum

According to Standard Chartered, XRP could surpass Ethereum in market capitalization by 2028 thanks to its cross-border payment features. The XRP ETF has also shown a continuous influx of capital over the past five weeks, with an additional 14 million USD added this week. Analyses suggest that the XRP ETF could reach a capital influx of 8 billion USD in its first year.

Potential and Challenges

Some analysts and lawyers have pointed out the potential of XRP to attract Wall Street investors. However, Ethereum is also gaining momentum, nearing the $2,700 mark, up nearly 50% in the past two weeks. This creates an exciting race between these two major cryptocurrencies.

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