The surge in the value of the XRP token comes amid speculation that the SEC may drop its legal case against Ripple Labs, the company that developed the XRP platform.

XRP, a token linked to Ripple Labs Inc., has vaulted rivals to become the third-largest cryptocurrency in a $100 billion rally.

Ripple token XRP has surged past Tether (USDT) and Solana (SOL) to become the third-largest crypto by market capitalization.

Ripple's XRP has been on a historic rally, reaching highs not seen in seven years and flipping the market cap of Solana in the process.

XRP price surged past $2 for the first time in seven years on December 2, 2024. The XRP market cap is now at $138 billion. It has taken the spot of the third la

XRP, which once was a powerhouse alongside Bitcoin and Ethereum, has returned to its place in the Top 3 ranks of the world's most valuable cryptocurrencies, following a four-year downtrend triggered by the SEC's lawsuit against Ripple.

Ripple’s XRP has managed to surge past $2 after what felt like an eternity, sitting at exactly $2.10 as of press time. Not only that, but the coin has managed to overtake Solana, which used to be considered this cycle’s top performer.