XRP Meme Coins Skyrocket as Ripple Gains 80% in a Week
XRP has gained 400% in the past month, sparking a wave of growth for meme coins within the Ripple ecosystem.
XRP meme coins such as ARMY, 589, XPILL, PHNIX, and RIPPY have made significant gains, attracting the attention of the entire cryptocurrency market.
XRP Meme Coin Growing in Popularity
ARMY, a token inspired by the XRP community’s “XRP Army”, gained 30% on Tuesday, November 3, before facing liquidation. According to Dexscreener dataIn just one week, ARMY’s market capitalization climbed from less than $1 million to a peak of $90 million. However, it has since undergone major adjustments as the inventors sold for profit.
Another XRP meme token, 589, named after the community-driven XRP price target, is up over 100% this week. The token’s market capitalization once reached $8 million.
The widespread success of ARMY and the XRP rally has sparked a new wave of meme coins on the XRP Ledger (XRPL). Most notably, these Meme Coin Launched just a few weeks ago, when XRP reaches highest price in six years.
RippyOne of the newest coins launched on Monday saw an unprecedented 22,825% price increase at its peak.
“We will soon see more than $1 billion in meme coins on XRP. XRP holders are the norm, and it is impossible not to happen.” On-chain analyst Tradinator Wrote on X (formerly Twitter).
XRPL May Challenge Solana’s Meme Coin Dominance
Until now, Solana dominate meme coin spaceits token market value exceeds $21 billion. Increased activity on Solana results in higher transaction fees, Networks earned $78 million in fees in the past week——Perform better than Ethereum.
However, this surge has raised concerns about long-term scalability and the potential for congestion if Solana’s infrastructure cannot adapt.
With the XRP meme coin now gaining momentum, XRPL could become a major contender to host the next generation of meme tokens.
The XRPL ecosystem also has great potential for growth. along with The U.S. regulatory environment appears to be improving For cryptocurrencies, Ripply could be on its way out SEC Crosshairs.
Ripple also launched its stablecoinThe bill could reportedly be approved as early as this week. As XRP goes through its biggest bull cycle since 2018, we could see greater scalability and positive developments for XRPL. This also means there are more opportunities for the Ripple meme coin.
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