What’s Driving XRP’s 22% Weekly Surge as It Overtakes USDT for Third Place?

• XRP’s market cap hit $153.44B, surpassing USDT’s $150.32B to rank third overall.
• XRP climbed 22.78% over the last week, while in the last 24 hours, its gain reached 3.54%.
• XRP futures listing on CME launches May 19, signaling institutional growth ahead.

XRP has flipped Tether (USDT) to occupy the third position on CoinMarketCap’s market capitalization list. XRP has a market cap of $153.44 billion, with its price at $2.62 at press time. This change represents the increased confidence of investors in the cross-border payments token. It also highlights low demand for stablecoins amid revived market volatility. 

Data from CoinMarketCap shows USDT’s market cap slipped to $150.32 billion as XRP overtook it. XRP’s circulating supply stands at 58.55 billion tokens, slightly below its total issuance of 99.98 billion.

Price Action Analysis and XRP Price Trends

XRP’s price increased by 22.78% over the past seven days, from a range of $2.05 to $2.62. In the last 24 hours, the token has been up by 3.54%, indicating continued buying pressure. Trading volume surged during the upward move, indicating strong investor participation. Meanwhile, the relative stre…

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