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XRP surpasses USDT and takes third place in the cryptocurrency market
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XRP, Ripple’s cryptocurrency, surpassed Tether’s USDT in the market capitalization ranking, consolidating itself as the third largest cryptocurrency in the world.
This achievement occurred this Monday (02), when the price of XRP broke the US$2 barrier, reaching an estimated market value of US$134.85 billion. About that, USDT remains slightly lower at $134.1 billion, according to updated data from Coingecko.
On Sunday, December 1st, XRP reaffirmed its leadership by maintaining a favorable balance against USDT. This movement reflects growing market confidence in cryptocurrency, driven by factors such as high demand, speculation and positive news.
The significant increase of 280% in the price of XRP during November highlights the strength of this trend, marking the cryptocurrency’s biggest monthly growth in over a decade.
XRP on the rise
Furthermore, institutional interest in XRP has intensified. Companies have already requested authorization to launch ETFs based on cryptocurrency, expanding their acceptance in the market.
At the same time, XRP futures hit a record $3.91 billion in open interest. Exchanges such as Binance, Bybit and Bitget lead the trades, managing significant volumes that demonstrate the robustness of the cryptocurrency.
The political scenario also favors XRP. The promise of Donald Trump, newly elected, to adopt a friendlier stance on cryptocurrency regulationcombined with advancements in the legal process between Ripple and the SEC, further strengthened the digital asset.
These factors, added to Bitcoin’s transfer effect, contributed to the currency’s impressive appreciation.
The battle between XRP and USDT for third place highlights the dynamism of the cryptocurrency market. The difference between the two currencies, less than US$1 billionkeeps investors alert to possible turnarounds.
This competition also reinforces how external events, such as political changes and court decisions, quickly influence the value of digital assets.
XRP surpasses USDT and takes third place in the cryptocurrency market
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XRP surpasses USDT and takes third place in the cryptocurrency market
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XRP surpasses USDT and takes third place in the cryptocurrency market
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XRP surpasses USDT and takes third place in the cryptocurrency market
