Third-Biggest-Coin Status Is Big News
I've been in and out of the XRP ledger since 2021. I cashed out my traditional stock holdings of AMC and GME for the cryptocurrency market. I saw a few cheap properties that were below $.50 and dollar cost averaged my buys based on my monthly income. Many of those early tokens like SHIB and XRP I've cashed in. Now I'm grabbing chunks of XRP since my average coin price is currently at $.76 since all of my coins were purchased before it reached $2 over the last few weeks.
XRP spent the last weekend sprinting from $1.50 toward the vicinity of $2.50, returning to its spot as the third-largest crypto on CoinGecko's ranking of digital assets based on market capitalization. A post-Thanksgiving runaway-train ride for the coin associated with Ripple reflects a growing sense the ledger technology company's legal troubles are near conclusion. At the same time, the future looks legitimately promising, with a regulated stablecoin reportedly possibly coming soon. XRP-related Google searches have exceeded even those including the term “crypto," per Google Trends data (Cointelegraph).
As recently as July, XRP slid to about $0.40. It never fell out of the Big Ten but the SEC's lawsuit against Ripple, filed in late 2020, cast a long shadow. XRP fell to as low as 17 cents and spent a good part of the past four years as the seventh-largest coin. XRP now has a market capitalization of $134 billion. It's actually tied with stablecoin Tether (USDT), creating an inconsequential, semantical hair-split issue in terms of describing XRP's status; when the dust settles, it'll either be third-largest crypto, ahead of USDT or the fourth-largest non-stablecoin on the widely followed CoinGecko chart. They are flipping one another back and forth, as XRP tried to remain $2.40 as of Monday at 9 a.m. (EST).
Meanwhile, Litecoin (LTC) and Hedera (HBAR) are having a sneaky-awesome Monday morning. Each of these coins have surged at least 20% since this time yesterday.