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Cryptocurrency News Articles
XRP Market Cap is Now Bigger Than Disney and Nike!
Jan 16, 2025 at 01:05 am
XRP, developed by Ripple, has made a significant move today with the 10.49% price surge pushing market capitalization to $163.8 billion for the first time.
XRP, developed by Ripple, has made a significant move today with the 10.49% price surge pushing market capitalization to $163.8 billion for the first time. The coin now beats famous brands like Disney, and Nike as well as other financial giants like BlackRock and Vanguard.
This recent surge in XRP’s, now positions the coin as the third cryptocurrency, behind Bitcoin and Ethereum based on market capitalization. The surge has also sparked debate in whether the coin could challenge ETH for the second spot.
What’s Fueling the Current XRP Surge?
XRP is currently putting on a show not only in the cryptocurrency sector but also the global financial sector. With its excellent performance since 2025 kicked off, the coin has attracted investors from all corners of the world.
Santiment highlighted that whales have been accumulating the token in the past few months. Santiment recently wrote, “[there has been] enormous accumulation from wallets holding 1M-10M XRP, who own over 37% more coins than they did 2 months ago (approximately $3.8B in XRP added since their accumulation began on November 12, 2024).”
On the other hand, this surge is fueled by the upcoming inauguration of Donald Trump on Jan 20, 2025, as covered on Jan. 14, 2025. The XRP community anticipates favorable outcomes for Ripple as Trump takes up office.
XRP’s hike can also be associated with speculations regarding a potential ETF addition. Were it to be added, this would drive more institutional adoption driving growth of cryptocurrency further.
XRP Market Activity Analyst Opinions
Ripple (XRP) is currently trading at $2.85, according to data on TradingView. The current price marks a 10.49% surge on the day. The coin has also recorded over 22% price surge in the last 7 days, indicating a bullish momentum.
The coin’s trading volume in the last 24 hours stands at $15.15 billion with a $74.51% increase. Current market cap stands at $163.71 billion with a total supply of $99.98 billion.
Crypto Analysts’ Opinion About XRP
Compared to Bitcoin, XRP offers faster and cheaper transactions hence making it more attractive to both investors and institutions. Its utility in cross-border payments also sets the coins apart.
According to a post by crypto analyst, XRP Whale, “$XRP is the strongest cryptocurrency in the world from a technical analysis standpoint right now!” The analyst further added that bulls continue to hold the line for the cryptocurrency.
Another crypto analyst with pseudonym BitBelleza, has highlighted that “XRP is breaking higher highs with strong momentum!” He also predicted that XRP can reach $4-$5 short-term and $27 by 2025. Based on analysts’ stance, we could see surge further surge in the coin’s price.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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