Market Shakeup: XRP Falls Behind Tether in Dramatic Shift
In a significant market development, XRP’s market capitalization has dropped below Tether (USDT), marking a crucial shift in the cryptocurrency landscape. Currently trading at $2.34, XRP’s total market value stands at $135.76 billion, positioning it in fourth place behind USDT’s $142 billion market cap.
Key Market Metrics
- Current Price: $2.34
- Market Cap: $135.76 billion
- 24h Trading Volume: $6.07 billion
- Price Range (24h): $2.31 – $2.55
- Distance from ATH: -31.3%
Market Impact Analysis
This repositioning comes amid increased market volatility, potentially influenced by recent security concerns in the XRP ecosystem. The token’s decline from its all-time high reflects broader market uncertainties and changing investor sentiment.
Trading Volume and Liquidity
Despite the market cap decline, XRP maintains robust trading activity with $6.07 billion in 24-hour volume, indicating strong market participation and liquidity. The relatively tight trading range suggests controlled volatility despite the overall bearish trend.
Market Outlook
Analysts suggest this market cap flip could trigger increased volatility in the short term. However, XRP’s strong fundamentals and institutional adoption rates continue to provide support for long-term value proposition.
Source: Bitcoin.com