The post XRP Briefly Secures Top 3 Spot In Market Hierarchy As Wallet Addresses Count Soars appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On Monday, XRP achieved a major milestone that attracted significant attention and interest in the crypto sector. The XRP community is buzzing with excitement as the asset moves higher in the market hierarchy for a short period, reflecting its stark position as a leading crypto asset in the sector.  Rising Holder Number Bolsters XRP’s Rally Without a doubt, XRP has become one of the best-performing digital assets alongside Bitcoin in the ongoing bull market cycle. After climbing rapidly yesterday, Santiment, a market intelligence and on-chain data platform, reported that the altcoin moved to the third position among cryptocurrencies by market capitalization. Specifically, the altcoin surpassed Tether (USDT), which has held the position for a lengthy period, to claim the top 3 spot, demonstrating the strength of the recent upward trend. Even though XRP has moved back into the fourth position, reclaiming the top 3 spot is a testament to the increased attention and interest in the asset. A rise in active wallet addresses | Source: Santiment on X During the time of the report, the altcoin’s price rose above the $2.61 level, marking its highest level in the past month. Santiment pointed out multiple conditions that are responsible for the recent notable upside move to the top 3 crypto and the asset’s price push toward key resistance zones. The first condition, underlined by the on-chain platform, is US House Bill 594. A bill that would make Missouri the first US state to offer a complete income tax deduction on all capital gains, including profits from Bitcoin and XRP. Another key reason Santiment stated is the recent acceptance of XRP by Travala as a payment method, bolstering its position as a functional utility crypto asset. This acceptance of…

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Filed under: News - @ May 13, 2025 11:25 pm