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As 2025 begins with a wave of optimism across the cryptocurrency market, XRP It regained its position among the three largest cryptocurrencies by market capitalization. XRP has made a remarkable comeback, moving from fourth to third place in the cryptocurrency rankings.
XRP's rise to the top three cryptocurrencies has been driven by a roughly 17% price rise in the first two days of 2025. This rise comes as the broader cryptocurrency market is seeing renewed bullish interest, with several digital assets posting significant gains.
Major crypto prices have risen in the past 24 hours, with Bitcoin (BTC) rising above $96,000 to shake off earlier losses.
At the time of writing, XRP is trading at $2.41 with a market cap of $138.21 billion, overtaking Tether (USDT), which has a current market cap of $137.28 billion, to take third place.
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XRP began rising from lows of $2.01 on December 31 to hit highs of $2,447 in Thursday trading and would mark a third straight day of gains if the day closes in the green.
XRP tops trading volume on major cryptocurrency exchange Upbit
XRP trading volume rose 140% in the past 24 hours to $10.94 billion, according to CoinMarketCap. This surge in volume is led by $1.3 billion in trading volumes on Upbit, a Korea-focused cryptocurrency exchange, with XRP/KRW leading the way.
South Korean traders have been known to drive significant rallies on the tokens, which increases buying pressure and may impact prices.
There is no doubt that XRP has started 2025 strong. In a message to the XRP community, Ripple CEO Brad Garlinghouse expressed his excitement as the momentum continued: "Happy New Year to the XRP family and the entire cryptocurrency community. Excited for the year ahead. The momentum and increased focus on real-world utility continues." "For construction."
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