XRP Shakes up Crypto Rankings: Third-Largest Market Cap Reclaimed

XRP Surpasses USDT’s Market Cap in 2025’s Early Rally

In a significant market development, XRP has reclaimed its position as the third-largest cryptocurrency by market capitalization, surpassing tether (USDT). As of Friday, Jan. 3, 2025, XRP was trading at $2.46, a 1.5% increase against the U.S. dollar, pushing its market cap to $141.06 billion. This marks a notable ascent over USDT, which now stands at $137.08 billion.

XRP’s Remarkable Performance

XRP has experienced a strong rally, gaining 13.1% over the past two weeks and an impressive 390% over the last 90 days. Unlike stablecoins, XRP’s value is driven by its performance against fiat currencies and its utility within Ripple’s ecosystem. It ranks sixth globally in trading volume, recording $6.08 billion in trades within the last 24 hours.

Notably, XRP’s resurgence coincided with Ripple unlocking 1 billion XRP from escrow on Jan. 1, 2025, an event that garnered significant attention from traders and investors alike.

Key Market Statistics

• Price: $2.46 (1.5% daily increase)
• Market Cap: $141.06 billion
• Primary Trading Pairs:
  • USDT
  • South Korean won (KRW)
  • U.S. dollar (USD)
  • USD Coin (USDC)
  • First Digital USD (FDUSD)
• 24-Hour Trading Volume: $6.08 billion
• Derivatives Market Liquidations: $1.78 million in the past 24 hours

Implications for the Crypto Market

XRP’s ascension highlights its enduring appeal amid the broader crypto market’s evolving dynamics. Its ability to outpace a major stablecoin like USDT underscores investor confidence in XRP’s potential as both a trading asset and a long-term investment.

As we progress through 2025, XRP’s trajectory could serve as a bellwether for market sentiment, influencing discussions around digital asset utility, wealth generation, and the balance between volatile cryptocurrencies and stablecoins.