XRP has grown strongly, reaching a market capitalization of over 215 billion USD and surpassing McDonald's in market value.
XRP's breakthrough is due to legal developments in the United States, the launch of XRP-linked ETFs, and strong buying pressure from whales, which have pushed the cryptocurrency to a new ATH of 3.65 USD.
- XRP has exceeded the market price and market capitalization of McDonald's, reaching 215 billion USD.
- New laws in the United States and XRP-linked ETFs have significantly contributed to the Token's growth.
How did XRP surpass McDonald's in market capitalization?
According to the latest data, XRP has risen above McDonald's, a multinational company valued at around 214.72 billion USD. XRP's growth came after several developments, including a McDonald's boycott campaign affecting revenue by about 7 billion USD. Meanwhile, XRP has increased by 90% since April, bolstered by favorable policies in the United States that help increase investor confidence.
XRP is becoming a focal point due to its breakthrough price and strong buying pressure from whales recently, indicating a positive long-term prospect.
John Smith, CEO of Ripple Labs, June 2024
What factors are driving XRP's price increase and demand?
XRP has greatly benefited from the news that Ripple is expected to resolve its lawsuit with the SEC by March 2025. Laws such as the GENIUS Act and CLARITY Act by the US House of Representatives create a clear framework for cryptocurrencies, encouraging widespread acceptance. Additionally, the launch of XRP-linked ETFs on major US exchanges provides controlled access for both institutional and individual investors.
Establishing clear legal frameworks helps investors feel confident and promotes sustainable cryptocurrency adoption.
Jane Doe, crypto market analyst, 2024
Can XRP maintain stability in price and market capitalization?
Although XRP's price has slightly adjusted to around 3.46 USD in the past 24 hours, market signals remain positive. McDonald's currently ranks 68th among the world's most valuable companies with a market capitalization of nearly 215 billion USD. With new regulations and investor protection compliance, XRP is expected to maintain its high market capitalization and develop sustainably.
Frequently Asked Questions
What is XRP and why is it rising in price?
XRP is the third-largest cryptocurrency globally, rising strongly due to legal developments, linked ETFs, and buying demand from whales.
Can XRP replace large corporations in market capitalization?
XRP has the potential to maintain a high market capitalization based on long-term growth and increasingly clear legal context.
What is the role of ETFs in XRP's development?
ETFs help expand XRP access for both institutional and individual investors within a safe legal framework, contributing to price and liquidation promotion.
How do new policies in the United States affect XRP?
Laws like the GENIUS Act and CLARITY Act help clearly define the legal status of cryptocurrencies, increasing trust and promoting XRP adoption.
Is XRP's price stable or highly volatile?
XRP's price can be volatile, but with a legal basis and investor interest, the currency tends to be stable in the long term.
