{"id":132513,"date":"2024-12-02T14:57:52","date_gmt":"2024-12-02T07:57:52","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=132513"},"modified":"2024-12-02T14:57:52","modified_gmt":"2024-12-02T07:57:52","slug":"xrp-beats-solana-to-become-4th-largest-crypto-by-market-cap-on-ripples-rlusd-stablecoin-approval-buzz","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=132513","title":{"rendered":"XRP Beats Solana To Become 4th Largest Crypto By Market Cap On Ripple&#8217;s RLUSD Stablecoin Approval Buzz"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"article-body\" itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/Article\">\n<div>\n<p>Payment-focused cryptocurrency <strong>XRP <\/strong><span class=\"ticker\" data-ticker=\"XRP\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">XRP\/USD<\/span> flipped <strong>Solana <\/strong><span class=\"ticker\" data-ticker=\"SOL\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">SOL\/USD<\/span> to become the fourth-largest cryptocurrency after a searing rally on Sunday.<\/p>\n<p><strong>What happened<\/strong>: The coin surged over 26% in the last 24 hours, reclaiming the $2 level after a gap of nearly seven years.\u00a0\u00a0<\/p>\n<p>The coin topped $136 billion in market capitalization, knocking Solana out of fourth place among the largest cryptocurrencies in valuation.<\/p>\n<p>The latest rally has catapulted XRP\u2019s year-to-date gains to 286%, significantly outpacing <strong>Bitcoin <\/strong><span class=\"ticker\" data-ticker=\"BTC\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">BTC\/USD<\/span> and <strong>Ethereum<\/strong> <span class=\"ticker\" data-ticker=\"ETH\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">ETH\/USD<\/span>.<\/p>\n<p><strong>See Also<\/strong>: <a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/24\/11\/42228464\/ethereum-rally-gets-overshadowed-by-searing-gains-in-cheaper-plays-why-are-ens-and-etc-soaring-today\"><strong>Ethereum Rally Gets Overshadowed By Searing Gains In Cheaper Plays: Why Are ENS And ETC Soaring Today?<\/strong><\/a><\/p>\n<p>The rally was spurred by a Fox Business report about the New York Department of Financial Services&#8217; <a href=\"https:\/\/www.foxbusiness.com\/markets\/ripple-poised-new-york-approval-stablecoin-set-enter-regulated-us-crypto-market\">imminent green light<\/a> to stablecoin <strong>RLUSD <\/strong>by <strong>Ripple Labs<\/strong><strong>\u2014<\/strong>the blockchain-based company using XRP for its offerings.<\/p>\n<p>Ripple plans to expand beyond cross-border payments\u2014used for remittances, Treasury management, supplier payments, and international disbursements\u2014with the launch of the new stablecoin.<\/p>\n<p>Additionally, as the countdown to SEC Chair <strong>Gary Gensler&#8217;s <\/strong><a href=\"https:\/\/www.benzinga.com\/government\/regulations\/24\/11\/42120607\/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day\">resignation<\/a> has begun, XRP investors have been aggressively loading their bags.\u00a0<\/p>\n<p>Ripple has been locked in a nearly <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/08\/40240559\/xrp-outshines-bitcoin-ethereum-to-become-biggest-daily-gainer-after-judge-imposes-125m-pen\">four-year-long legal battle<\/a> with the SEC over the status of XRP, and any change in the agency&#8217;s top leadership was viewed with optimism.<\/p>\n<p><strong>Price Action<\/strong>: At the time of writing, XRP was trading at $2.40, up 26.66% in the last 24 hours, according to <a href=\"https:\/\/pro.benzinga.com\/dashboard?_gl=1*380nj0*_ga*MTEyOTAyOTcxMy4xNzEzMzY0NTYy*_ga_V7ZK73W7N0*MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..\">data from Benzinga Pro<\/a>. Shares of MicroStrategy were up 2.15% in after-hours trading.<\/p>\n<p><em>Image via Shutterstock<\/em><\/p>\n<p><strong>Read Next:<\/strong><em>\u00a0<\/em><\/p>\n<\/p><\/div>\n<p><a class=\"text-sm my-4\" href=\"https:\/\/www.benzinga.com\/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom\" rel=\"noreferrer noopener\" target=\"_blank\">Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n<p class=\"copyright\">\u00a9 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/24\/12\/42259460\/xrp-beats-solana-to-become-4th-largest-crypto-by-market-cap-on-ripples-rlusd-approval-speculation\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payment-focused cryptocurrency XRP XRP\/USD flipped Solana SOL\/USD to become the fourth-largest cryptocurrency after a searing rally on Sunday. What happened: The coin surged over 26% in the last 24 hours, &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=132513\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-132513","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/132513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=132513"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/132513\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=132513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=132513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=132513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}