XRP has made a significant leap in the cryptocurrency market, recently overtaking Tether (USDT) to claim the title of the third-biggest cryptocurrency. As of March 20, 2025, XRP’s market capitalization reached $145.56 billion, just narrowly eclipsing Tether’s $143.43 billion, according to data from CoinMarketCap and Coingecko. This remarkable shift is not merely a result of sudden market volatility; it stems from the resolution of a substantial legal battle that had restrained XRP’s growth for four long years.
The legal confrontation between Ripple, the entity behind XRP, and the U.S. Securities and Exchange Commission (SEC) concluded as the SEC officially withdrew its lawsuit against Ripple. The news triggered an immediate reaction in the cryptocurrency market, prompting an enthusiastic response from investors. Following the announcement, XRP’s price surged to $2.50, marking a notable increase of 12.02% within a mere 24-hour span. Trading volume also skyrocketed by an impressive 139.34%, reaching $8.28 billion, signaling a renewed interest in this cryptocurrency and boosting investor confidence.
This turnaround has breathed fresh life into the entire cryptocurrency market, which had been in a downtrend for several weeks. As XRP edges into the top three cryptocurrencies by market cap, many investors are contemplating what this means for the future. Could XRP’s significant uptick continue its ascent? As speculation swirls, many are looking towards XRP potentially challenging Ethereum for the second-largest spot in the cryptocurrency rankings.
For XRP to surpass Ethereum, its market capitalization would need to increase by 68.34%, pushing it past the $244.19 billion mark. While this may sound ambitious, the volatile nature of the cryptocurrency market means that the impossible often becomes possible. Some analysts have even thrown out bold predictions, suggesting that XRP could eventually soar to an extraordinary $18,000. However, such projections remain speculative at this time, and investors are advised to proceed with caution.
The renewed interest in XRP comes after a prolonged period of uncertainty during the legal battle. With the lawsuit resolved, the potential for future growth appears more promising than ever. Investors are likely to remain vigilant, watching every move of Ripple and XRP. The increasing price and trading volume are clear indicators that confidence in XRP is on the rise, and the response from the crypto community has been overwhelmingly enthusiastic.
As the broader cryptocurrency market reacts positively to XRP's resurgence, it's important to remember that the dynamics are ever-changing. The end of Ripple's legal struggles might signify a new chapter for XRP, one of the most closely watched cryptocurrencies in the industry.
In conclusion, XRP is undoubtedly making a significant comeback. With its legal challenges now behind it, the cryptocurrency is poised for an exciting period ahead as it attempts to challenge Ethereum. Enthusiasts and skeptics alike will be keeping a close eye on XRP's momentum in the coming weeks, as the digital asset could very well shape the landscape of the cryptocurrency market.
