XRP entered the world’s top 100 listed companies by market cap, replacing HDFC Bank and Citigroup. At the same time, the first U.S. spot XRP exchange-traded fund launched, offering yet another on-ramp for regulated investors. Combined, these steps demonstrate growing involvement of XRP in mainstream finance and crypto.
XRP Enters Global Top 100
According to CompaniesMarketCap, XRP market cap hit approximately $182 billion, thus putting it above Citigroup ($181.9B) and HDFC Bank ($181.1B). XRP is now ranked among the top 100 assets globally, as well as among leading corporations and commodities.
Crypto expert Steph Is Crypto confirmed the milestone on X, describing the milestone as a milestone landmark for the cryptocurrency. Ripple’s collaborations with banks and its RLUSD stablecoin have driven adoption and trust, stabilizing the value of XRP.
First U.S. XRP ETF Spot Launches
According to Good Morning Crypto, REX-Osprey Spot XRP ETF will make a launch today following SEC approval under the Investment Company Act of 1940. In contrast to futures-based funds, the ETF directly holds the coin, giving investors regulated access via traditional brokerage accounts.
The ETF will attract a tremendous amount of institutional capital, said analysts. By linking regulated markets to blockchain assets, it gives investors access directly without needing to touch crypto exchanges or digital wallets. This approval comes after the migration of Bitcoin and Ethereum ETFs, cementing institutional adoption of digital assets.
Technical Momentum and Price Prediction
XRP just broke back above the trend ribbon on the two-day chart, says Steph Is Crypto. In the past, such breaks have been followed by powerful rallies higher.
The coin trades at $3.05, 1.4% higher in the past 24 hours, according to CoinMarketCap data. The support is $2.94, and the resistance is $3.12. A fall below $2.55 could result in weakening the structure, and a breakdown above $3.30 could initiate bullish momentum.
Still, network growth fell to six-week lows and 95% of the coin’s supply are in profit, i.e., potential selling pressures.
Coinbase Saga: Evolving Dynamics
Coinbase delisted XRP in 2021 when the SEC sued Ripple. But lawyer Bill Morgan recently said it is “hard to stay angry” with the exchange because it was so vocal in demanding SEC disclosure. Coinbase also severed XRP cold wallet reserves, showing prudent asset management in uncertain market conditions.
XRP’s ICO Debate
Unlike Ethereum, The coin never publically had an ICO. Ripple made 100 billion tokens initially and released them in phases, according to Analysts.
Ripple’s private sales have come under scrutiny for mimicking an ICO but compared to any ICO, Ripple defends its launch format as distinctive with no presale or fundraiser. That argument is at the heart of regulators’ disagreement regarding whether XRP is a security.
Recent developments all suggest breakthroughs. However, decelerating network growth and increasing profit saturation all suggest reversal threats. Pending for now, XRP is at the juncture of monetary legacy and blockchain, revolutionizing the way digital assets discover their role in global markets.
