David Schwartz, the chief technology officer at Ripple, has pointed out an interesting coincidence. XRP's rise to become the third-biggest cryptocurrency happened precisely when he officially completed 12 years at the company. This significant event has set the stage for further developments in the cryptocurrency world.
Ripple's XRP Surges to New Heights
XRP's Blistering Rally on Sunday
On Sunday, the XRP continued its remarkable rally, surging by more than 28%. This surge has propelled the token to a new multi-year high of $2.48. It has managed to reclaim one of the top spots in the cryptocurrency market after coming close to dropping out of the top 10 following the SEC lawsuit against Ripple. This shows the resilience and potential of XRP in the face of challenges.The Ripple-affiliated cryptocurrency's ascent is not without significance. It has now surpassed stablecoin giant Tether (USDT) and "Ethereum killer" Solana (SOL) to take the third place by market capitalization. This is a major achievement that highlights XRP's growing influence in the crypto space.XRP's Market Capitalization and Comparisons
With a current market cap of $139 billion, XRP is now larger than major companies like Citigroup, Airbus, and Sony. This demonstrates the value and potential of XRP as an investment. However, despite its significant gains, it is not the best-performing cryptocurrency in the top 100. Hedera (HBAR) managed to outstrip it with an astonishing 42% gain. This shows that the cryptocurrency market is highly competitive and that XRP still has room for growth.Traders have also shown their preference for other O.G. altcoins. EOS (EOS) and Litecoin (LTC) have both seen gains of 20.5% and 20.2%, respectively. XRP has also lagged behind HBAR in terms of weekly gains, with 78% and 69% respectively. But this does not diminish the potential of XRP.The Major Catalyst on the Horizon
The Ripple-affiliated token has another major catalyst in the offing. As reported by U.Today, Ripple CEO Brad Garlinghouse recently recorded an interview with "60 Minutes," one of the most prominent TV programs in the US. This interview could potentially bring more attention and credibility to XRP and Ripple. In a recent social media post, Garlinghouse confirmed that there is no official air date yet, but this only adds to the anticipation.The combination of XRP's current success and the upcoming interview with "60 Minutes" makes for an exciting time in the cryptocurrency world. It remains to be seen how these developments will impact the future of XRP and Ripple.
