Nears $100 Billion Market Cap, Overtakes BNB
Ripple’s XRP has surpassed BNB to become the fifth-largest cryptocurrency by market capitalization. XRP’s market capitalization hit $99 billion on Friday, its highest level in more than three years.
XRP is seeing strong bullish momentum, with the altcoin surging over 230% in November.
Will XRP price make a historic comeback?
Even though XRP is one of the largest altcoins on the market, it has mostly underperformed in every bull run over the past three years. Ripple’s long legal battle with the SEC It has greatly affected the market activity of altcoins.
However, long-term holders of the token are finally seeing potential rewards. Donald Trump’s re-election and his commitment to regulatory transparency have generated significant institutional interest in the token.
Current SEC Chairman, Gary executionerhas always been the unchanging throne in Ripple’s eyes. However, He resigned earlier this month There is optimism that Ripple may eventually escape the SEC’s radar.
This optimism has been reflected in recent actions by major institutional investors. Last week, WisdomTree, one of the world’s largest asset management companies, Apply for XRP ETF in Delaware. This is the third ETF application for XRP because Bitwise and Canary Capital join the fray October.
“Ripple is preparing a major upgrade to the Decentralized Finance Department”. Influencer Brett wrote on X (formerly Twitter).
If approved, XRP ETF will attract more institutional funds to altcoins and may drive demand for them in the market. The same trend is happening with BTC as Bitcoin ETF Seeing institutional demand for cryptocurrencies skyrocket.
On top of that, the Trump administration may provide the best possible regulatory backdrop for cryptocurrencies in 2025. The president-elect has reportedly considered Cut capital gains tax Works with all US cryptocurrencies, including XRP.
It’s also worth noting that Ripple CEO Brad Garlinghouse actively donated to Trump’s campaign. In addition, he recently Donate $25 million to the 2026 U.S. midterm electionseven before Trump took office in January.
Therefore, we may see a very pro-XRP regulatory scenario in the United States, which may drive demand for the altcoin.
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