XRP has reached a new milestone by surpassing the market capitalization of Disney and Blackrock, according to CompaniesMarketCap . At the time of press, XRP’s market capitalization is standing at $186 billion after surging to trade at $3.24, according to CoinMarketCap.
This achievement shows the significant momentum XRP has gained following Donald Trump’s victory in the November U.S. presidential election. The cryptocurrency recently reclaimed its position as the third-largest digital asset by market cap, briefly reaching this rank in December 2024 before a correction.
However, a surge over the past 24 hours has driven XRP back to the third spot. This surge pushed XRP’s price to $2.99, its highest level since 2018, surpassing the December 2024 peak of $2.86.
A Major Shift in the Crypto Landscape
The renewed interest in XRP comes at a pivotal moment as the cryptocurrency market adjusts to broader political and regulatory shifts. Donald Trump’s upcoming inauguration as the 47th U.S. president, set to occur in less than a week, has fueled optimism within the XRP community.
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Additionally, the upcoming resignation of SEC Chair Gary Gensler could be a potential turning point for Ripple, XRP, and the broader market. Gensler’s tenure at the SEC has been marked by contentious legal battles, particularly the ongoing case against Ripple.
The lawsuit, filed in December 2020, accused Ripple of selling XRP as an unregistered security. While Ripple has made significant legal progress, including securing a ruling that XRP itself is not a security, Gensler’s departure could expedite resolution efforts and pave the way for clearer regulatory frameworks.
XRP’s Potential Trajectory
Market analysts suggest these developments may contribute to XRP breaking its all-time high of $3.84, attained in January 2018 following the 2017 bull market.
The current surge also aligns with heightened investor confidence in the asset’s long-term prospects, bolstered by Ripple’s growing network of partnerships with financial institutions and its focus on cross-border payment solutions.
XRP’s ability to surpass major corporations like Disney in market capitalization highlights the shifting dynamics of global financial markets. Cryptocurrencies are increasingly being recognized as viable alternatives to traditional assets, with XRP standing out due to its utility and adoption within the financial sector.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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