XRP Price Jumps 14%, Reaching $2.55.

XRP’s FDV hits $254.87B, surpassing Ethereum.

The price of XRP has surged by 14%, reaching $2.55. This price increase has also led to a significant rise in XRP's Fully Diluted Valuation (FDV), which is now at $254.87 billion. In doing so, XRP has surpassed Ethereum in FDV, which currently stands at $244.24 billion.

The FDV metric, which is calculated by multiplying the current price of a cryptocurrency by its total supply, represents the total value of the cryptocurrency if all coins were in circulation. It is an important indicator of a project's potential market size.

As XRP continues to heat up, its FDV has overtaken that of Ethereum, which is usually ranked in the top three largest cryptocurrencies by market cap. This shift in rankings signals growing investor confidence and heightened market activity surrounding the Ripple-backed token.

This development marks a pivotal moment for XRP, which has been gaining momentum amid positive market sentiment and ongoing regulatory clarity. Surpassing Ethereum in FDV places XRP as the second-largest cryptocurrency by this valuation metric, right behind Bitcoin.

This rally could also attract further interest from investors, especially if XRP manages to sustain its upward trajectory. The crypto community will be keeping a close eye on how this valuation change could influence broader market dynamics and the long-standing competition between major crypto assets.