XRP Market Cap Briefly Tops BlackRock as Token Doubles in Week-Long Rally

XRP's valuation momentarily surpasses world's largest asset manager amid market surge

  • XRP market cap reached $158.5 billion, surpassing its previous record of $131.7 billion from January 2018
  • Cryptocurrency ranked 61st among S&P 500 stocks by market capitalization
  • Market value exceeded established companies like BlackRock and Uber
  • Price rose to $2.67 amid broader cryptocurrency market gains
  • Market cap doubled from $75.3 billion to $158.5 billion in seven days

XRP Market Cap Surpasses Major S&P 500 Companies

XRP, the digital asset associated with Ripple, has reached $2.67 per token, pushing its market capitalization above many established S&P 500 companies, including BlackRock and Uber, amid renewed cryptocurrency market momentum.

- Advertisement -

The digital asset’s market value positioned it at 61st place among S&P 500 stocks, outperforming 88% of index constituents. At its peak, XRP’s market capitalization touched $158.5 billion, exceeding BlackRock ($BLK: $158 billion) and Uber ($UBER: $154 billion).

Record-Breaking Performance

XRP’s market capitalization has demonstrated substantial growth:

  • November 26: $75.3 billion
  • December 3: $158.5 billion (peak)
  • Current: $153 billion

Even after a slight decline, XRP maintains its position above several major corporations:

  • Palantir ($PLTR): $151 billion
  • Pfizer ($PFE): $146 billion
  • Citigroup ($C): $136 billion
  • Lockheed Martin ($LMT): $123 billion

Market Drivers

Several factors have contributed to XRP’s price appreciation:

  • Potential SEC settlement developments
  • Market speculation about Elon Musk‘s investment interest
  • New strategic partnerships
  • Possibilities of an XRP ETF introduction

The current market capitalization represents a significant milestone, surpassing the previous high of $131.7 billion recorded on January 7, 2018, during the last major cryptocurrency bull market cycle.

✅ Follow BITNEWSBOT on Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest

Bitcoin Surges Past $100,000, Eyes Record High Near $109,000

Bitcoin surged above $100,000, marking its highest point since early February. Price movement follows the announcement of a U.S.-U.K. trade deal and optimism about future...

US-UK Trade Deal Sets New Terms While Maintaining Base Tariffs

The US-UK trade deal maintains 10% base tariffs but eliminates 25% steel and aluminum tariffs, creating a free trade zone for these metals.British car...

Steak ‘n Shake to Accept Bitcoin at All US Locations Starting May 16

Steak ‘n Shake will start accepting Bitcoin as payment at all U.S. locations beginning May 16. The move marks one of the first...

Illinois Senate Advances Bill to Regulate Crypto Kiosks Statewide

Illinois lawmakers are advancing a bill to regulate operators of virtual currency kiosks. The proposed law would put these kiosks under the authority of the...

Bitcoin Tops $104,000 as Bullish Index, Trade Deal Boost Sentiment

Bitcoin surpassed $104,000, marking its highest price since January and reflecting strong bullish sentiment.Recent rallies were fueled by an optimistic Bitcoin sentiment index, a...

Must Read

5 Best Hacking eBooks for Beginners

In this article we present the 5 Best Hacking eBooks for beginners as ranked by our editorial teamWelcome to the world of hacking, where...