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#Altcoin Season Coming?#
The XRP token has surpassed Xiaomi, Uber, and BlackRock in market capitalization. The altcoin's value reached $198.6 billion, according to CoinGecko.
According to InfiniteMarketCap, Ripple's token ranked 95th among the largest assets in the world. In the last month, the market value of XRP has increased by 71%.
On July 18, the asset updated its historical maximum (ATH) at a level of $3.65. At the time of writing, XRP is trading at $3.3.
The steady upward trend of cryptocurrency began after Donald Trump's victory in the US presidential elections in November 2024. Thanks to the pro-cryptocurrency policies of the new administration, the digital asset market entered a bullish phase.
A key event for XRP was the resolution of the years-long lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). This strengthened investor confidence in the coin and allowed for the establishment of a new price record.
Analysts predict further growth of the asset.