XRP is on the Way to Flip Tether: A Shift in Crypto Market Dynamics

In a rapidly evolving crypto market, XRP appears poised to challenge Tether (USDT) for the #3 spot in global cryptocurrency rankings by market capitalization.

In a move that could have implications for the broader crypto market, XRP appears to be closing in on Tether (USDT) in the global cryptocurrency rankings by market capitalization.

The latest data from shows that XRP is now trading at $2.28, having risen by 6.48% in the past week, while Tether is pegged at the usual $1 price point.

This puts XRP’s market cap at $133.7 billion, compared to Tether’s $148 billion—a gap that has narrowed sharply in recent days.

The strong upward momentum in XRP is being driven by renewed investor interest, increasing adoption, and a growing belief in XRP’s long-term utility in cross-border payments.

On the other hand, Tether’s price growth is limited by its nature as a stablecoin pegged to the U.S. dollar, despite its large volume and role in liquidity provision.

However, despite this, one of the most telling signs of this shift is in trading volume. For the past 24 hours, XRP clocked up $2.89 billion in volume compared to Tether’s $60.27 billion.

While this shows that USDT is still heavily used for trading pairs, it indicates that XRP is currently enjoying more momentum in terms of actual investor demand and speculative interest.

This is significant because it suggests that investors are actively choosing to put money into XRP, which they view as having the potential for return through price appreciation.

This stands in contrast to Tether, which is typically used as a means of exchanging between different cryptocurrencies or fiat currency without necessarily engaging in an investment strategy.

Moreover, with XRP’s market cap now 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, we could soon see XRP flip Tether and move into the #3 spot on the global crypto charts.

This move would not only reshape the top crypto rankings but also signal a major shift in market sentiment toward utility-focused cryptocurrencies over stablecoins.