In a rapidly evolving crypto market, XRP appears poised to challenge Tether (USDT) for the #3 spot in global cryptocurrency rankings by market capitalization.
The latest data shows XRP with a market cap of $133.7 billion, closing in on Tether’s $148 billion, a gap that has narrowed considerably in recent days.
XRP’s Growth Versus Tether’s Stability
While Tether remains a stablecoin pegged to the U.S. dollar with a static price of $1, XRP has surged to $2.28, posting a 6.48% gain over the past week. This strong upward momentum is driven by renewed investor interest, increasing adoption, and a growing belief in XRP’s long-term utility in cross-border payments.
Tether, despite its large volume and role as a liquidity provider, is limited in its price growth due to its pegged nature. XRP, on the other hand, is a utility-driven token with room for price appreciation, especially as legal clarity around Ripple’s operations improves and institutional interest increases.
Momentum Building Toward a Flippening
One of the most telling signs of this shift is trading volume. XRP saw $2.89 billion in volume compared to Tether’s $60.27 billion, showing that while USDT is still the most used for trading pairs, XRP is gaining momentum in actual investor demand and speculative interest.
With XRP’s market cap just $14.3 billion away from Tether’s, a continued price rally or increased token circulation could lead to a “flippening” event, where XRP overtakes Tether and reclaims its position as the third-largest crypto asset.
In summary, if the current trend continues, XRP could flip Tether soon — a move that would not only reshape the top crypto rankings but also signal a major shift in market sentiment toward utility-focused cryptocurrencies over stablecoins.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/xrp-is-on-the-way-to-flip-tether-a-shift-in-crypto-market-dynamics/