XRP Surges Past Tether: A New Era for Cryptocurrencies

XRP Surges Past Tether: A New Era for Cryptocurrencies (theblock.co,cryptobriefing.com) 

XRP has achieved a significant milestone by surpassing Tether's USDT in market capitalization, now ranking as the third-largest cryptocurrency globally, trailing only behind Bitcoin and Ether. With a market cap of $141.8 billion and a remarkable price increase of 30% over the past day, XRP is gaining momentum with a notable rise of 364.1% in the last month, driven in part by anticipated regulatory approvals related to Ripple's stablecoin, RLUSD.

The market is abuzz as XRP's growth coincides with the expected resignation of SEC Chair Gary Gensler. Analysts believe this shift in leadership could pave the way for a resolution of ongoing legal disputes involving Ripple, thus allowing XRP to further capitalize on its recent strength. Additionally, the potential introduction of spot XRP exchange-traded funds is generating excitement among investors, signaling a vibrant future for Ripple and its ecosystem.

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