Ripple (XRP) Fell to Seventh Position By Market Cap As Crypto Market Sell-off

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Ripple (XRP) Fell to Seventh Position By Market Cap As Crypto Market Sell-off
Ripple (XRP) Fell to Seventh Position By Market Cap As Crypto Market Sell-off

Although it has long been one of the top three cryptocurrencies on the market, the market value of Ripple (XRP) has fallen sharply and it is now the seventh-largest cryptocurrency in the world.

Ripple (XRP) Surpassed By Solana Cardano

XRP’s current rebound comes as several other crypto projects update their market performance. Currently, Binance Coin (BNB) is the third-largest cryptocurrency by market capitalization after XRP fell sharply.

After BNB, Tether (USDT) follows as the fourth-largest cryptocurrency, the price of which is always 1 USD. It also has a market value threshold of more than $74 billion on Coingecko. After USDT, Solana (SOL) follows in 5th place, which is also an unprecedented Impressive achievement.

At the same time, Solana price has hit a new ATH of $259 starting this month, but the asset is currently trading at $194 in the market. More importantly, Cardano (ADA) became the sixth most valuable cryptocurrency in the world immediately after Solana.

Interestingly, since the gap between the aforementioned cryptocurrencies is not that great, it is no secret that cryptocurrencies can outperform themselves at any time from now on. Many people attribute the current decline in XRP to the endless Ripple vs SEC lawsuit.

According to the report, if Ripple wins the US Securities and Exchange Commission lawsuit, XRP still has a chance to rise exponentially in price.