Ripple's XRP soars to third-largest crypto in a $100 billion rally after Trump's victory
Hindustan TimesXRP, a token linked to Ripple Labs Inc., has vaulted rivals to become the third-largest cryptocurrency in a $100 billion rally. XRP becomes the third-largest cryptocurrency in a $100 billion rally after Donald Trump's win The token rose as much as 32% on Monday to $2.87. In the process its market capitalization topped $154.6 billion, up from less than $30 billion on Nov. 5, when Donald Trump emerged victorious in the US presidential election, according to CoinGecko data. “The move looks to be excessive given XRP is now a top-three digital asset, but that doesn’t mean that it can’t continue given the reflexivity in this market.” The latest price move continues to build on the momentum from Trump’s win, which sparked a wave of speculative enthusiasm across crypto markets, with the President-elect expected to make good on pledges to nurture a favorable landscape for digital-asset firms in the US.