In a dazzling pirouette worthy of a prima ballerina, Ripple’s XRP has pirouetted its way into the hallowed halls of the top 100 global assets, a feat that places it cheek by jowl with the likes of Shopify, Intuit, and Deutsche Telekom-oh, the audacity! 🎩
As the latest data unfurls like a well-worn map, we find XRP basking in a market cap of approximately $181.2 billion, each token strutting its stuff at a princely $3.02. It now occupies the illustrious 97th position on the global leaderboard, a veritable throne among titans. And let’s not forget, this ascent has occurred without the crutch of a regulated spot ETF in the United States-unlike its more illustrious cousins, Bitcoin and Ethereum, who seem to have a penchant for regulatory approval. How quaint! 😏
XRP Joins The Rank Of World’s Top Assets
As I pen these words, XRP has elbowed its way to the 97th spot, trailing only behind Bitcoin at 7th and Ethereum at 22nd. This meteoric rise can be traced back to a veritable deluge of inflows that have cascaded into the asset in recent months, enough to send XRP’s market cap soaring above BNB and the ever-stable Tether USDT, thus claiming its title as the third-largest cryptocurrency by market capitalization. Bravo! 👏
Institutional and retail investors, like moths to a flame, have flocked to XRP following the conclusion of its legal tango with the US Securities and Exchange Commission. This newfound confidence, coupled with a bullish crypto market, has allowed XRP to establish a sturdy support base at $3. Who knew legal battles could be so lucrative? 💼
Crossing into the ranks of the world’s top 100 assets is no small potatoes, especially when one considers XRP’s current valuation puts it in hot pursuit of some of the most recognizable global corporations-Verizon, Texas Instruments, Shopify, and Intuit are surely quaking in their boots! 😱
Top assets by market cap: CompaniesMarketCap
The Case For More Growth With A Spot XRP ETF
While Bitcoin and Ethereum have basked in the warm glow of institutional affection over the past 18 months, courtesy of their shiny new regulated spot ETFs, XRP has managed to reach its current lofty heights without such a luxury. One can only wonder-could this be merely the prologue to an even grander saga? 📈
The absence of ETF-driven inflows suggests that XRP is a treasure chest waiting to be unlocked, with financial behemoths like BlackRock, Fidelity, and Grayscale poised to pounce once regulatory approval for a Spot XRP ETF graces the US. Such a trading instrument would be akin to opening the floodgates for institutional investors who have thus far been left out in the cold. ❄️
If the inflow patterns witnessed with Bitcoin and Ethereum ETFs are replicated with XRP, we could very well see its market capitalization catapulting past its current peers in the top 100 global asset rankings, along with a price that could make even the most seasoned investors giddy with delight. 🎉
As I conclude this whimsical exploration, XRP is trading at $3.04, with expectations for the eventual approval of Spot XRP ETFs ranging from the modest $4 to the wildly ambitious $1,000. Who knew the world of cryptocurrency could be so delightfully unpredictable? 🤪
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2025-08-24 16:05