XRP Just Made a Massive Leap, Knocking Tether (USDT) Out of the Way to Claim the Spot as the Third-Biggest Cryptocurrency.

CoinMarketCap and Coingecko shows its market cap hitting $145.56 billion, edging past Tether's $143.43 billion.

The past 24 hours have seen a significant shift in the cryptocurrency landscape, with Tether (USDT) being edged out of the third spot by Ripple (XRP).

As of Monday morning, CoinMarketCap and CoinGecko both show XRP's price at $145.56 billion, compared to Tether's $143.43 billion. This puts XRP in third place, while Tether is now in fourth.

This surge in demand for XRP comes after the U.S. Securities and Exchange Commission (SEC) withdrew its lawsuit against Ripple. The case, which began in December 2020, had a significant impact on XRP's growth and led to many investors becoming cautious.

The news of the lawsuit's withdrawal quickly spread through the crypto community, leading to a surge in trading volume and a price increase for XRP. Within 24 hours, XRP's price rose by 12.02% to $2.50, while trading volume soared 139.34% to $8.28 billion.

This marks a return to bullish momentum for the crypto market, which had been struggling in recent weeks.

With XRP now entering the third spot, investors are turning their attention to the next milestone for XRP—$5. If XRP can break through the $4 barrier, then $5 could be within reach, especially considering the current momentum.

However, for XRP to overtake Ethereum, its market cap will need to increase further, to around $244.19 billion. This would require a surge of about 68.34% from its current levels.

If XRP manages to reach such heights, it could open up possibilities for even more significant gains in the future. Some analysts have even made predictions of XRP reaching $18,000 in the future.

The past four years have seen a fierce legal battle between the SEC and Ripple come to an end, with the regulatory body finally dropping its case against the blockchain firm. This marks a significant turning point in the cryptocurrency market.

The case, which began in December 2020, had a significant impact on XRP's growth and led to many investors becoming cautious. However, the moment the news of the lawsuit's withdrawal broke, the market went into a frenzy.

As the news broke, there was a huge surge in trading volume for XRP, with investors piling into the token. The crypto sector saw a fresh wave of bullish momentum, which had been absent for weeks.

At present, XRP's price is showing a 12.02% increase in just 24 hours, reaching $2.50. The token's 24-hour trading volume has also shot up 139.34%, hitting $8.28 billion.

The entire crypto market had been struggling to break free from the downtrend that had set in over the past few weeks, but with this development, there is a chance for the market to recover.

The case had a significant impact on the crypto market, with many investors becoming cautious about investing in XRP due to the uncertainty surrounding the lawsuit.

However, with the lawsuit now closed, investors are showing renewed interest in XRP, which could lead to further gains for the token in the coming weeks.

As the lawsuit has now been dropped by the SEC, the future of XRP is looking brighter, and the token could hit new all-time highs in the coming months.

This would be a significant achievement for XRP, which has been a popular token among cryptocurrency investors for many years.

The lawsuit had a significant impact on the crypto market, and the news of its closure is sure to be welcomed by many in the industry. It remains to be seen what the coming weeks will bring for XRP, but with the lawsuit now closed, the possibilities for gains are endless.

If XRP manages to maintain its current momentum and break through the $4 barrier, then $5 could be within reach, especially if the SEC decides not to appeal the court's ruling.

However, for XRP to overtake Ethereum, its market cap will need to increase further, to around $244.19 billion. This would require a surge of about 68.34% from its current levels.

Some analysts have even made predictions of XRP reaching $18,000 in the future, although such predictions are highly speculative.

There is no doubt that XRP is making a comeback, and the possibilities for gains are huge. The lawsuit has been closed, things are picking up speed, and people are more confident than ever.

The next few weeks could change everything—if this push keeps going, XRP fans might be in for a wild and exciting time.

One analyst at GrokAI has a rather bleak outlook for the future of XRP, despite the SEC dropping its case against Ripple.

The analyst, who preferred to remain anonymous,