XRP Surges to Become Third-Largest Crypto. Why is it Up Today?
The cryptocurrency market has started the year off with a bang, seeing its market capitalization rise by more than $160 billion in the last 24-hour period, with the native token of the XRP Ledger standing out after surging more than 13% in that period.
The cryptocurrency’s rise builds upon a surge that started earlier. XRP started the year around $2.08 and has since surged significantly to now stand near $2.39. The surge allowed XRP’s total market capitalization to rise to $137.5 billion.
The rise means XRP is now the third-largest digital asset by market capitalization, above Tether’s USDT stablecoin, which has a $137.26 billion market capitalization.
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