Ripple's XRP Surpasses Goldman Sachs, Becomes 85th Largest Global Asset

Ripple's XRP has achieved a major milestone, surpassing Goldman Sachs to claim the 85th spot among global assets.

Major Global Asset Ranking XRP has Surpassed Goldman Sachs to Attain the 85th Position

As of now, XRP is ranked 85th among global assets, with a market capitalization of $191.67 billion. This places XRP among the Top 3 Cryptos by market value.

What Contributed to XRP’s Rapid Growth?

At the time of writing, XRP has a market capitalization of $191.67 billion and is trading at $3.19. Several factors have contributed to XRP’s remarkable growth. One pivotal moment was Ripple’s partial legal victory against the SEC, which clarified XRP’s regulatory status. The court's decision that XRP is not a security in public transactions has boosted investor confidence in the token.

The broader cryptocurrency market's bullish momentum has also played a significant role. Bitcoin recently reached a high of $106,718, while Ethereum is trading at approximately $3,335.50, indicating strong optimism across the sector. This positive sentiment has further increased demand for XRP among retail and institutional investors.

Moreover, the U.S. administration’s pro-crypto stance has provided a boost to US-based tokens like XRP. With ongoing discussions about regulatory clarity and the appointment of pro-crypto policymakers, it's not just about Making America Great Again—it's also about Making XRP Relevant Again.

XRP’s Expanding Role in the Financial Sector

Ripple's focus on cross-border payments and its partnerships with major financial institutions have enhanced XRP’s utility. By offering faster and more cost-efficient international transaction solutions, XRP has established itself as a key player in modern financial systems. Competing alongside Bitcoin and Ethereum, XRP has gained global recognition as a bridge between traditional banking and blockchain technology.

Despite XRP’s impressive rise, sustaining its momentum presents challenges. According to analysts, further growth will depend on greater institutional adoption and the development of real-world use cases, such as the approval of spot XRP ETFs.

The content presented in this article is solely for informational and educational purposes. It does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.