The currency leapfrogged Solana’s SOL and is now fourth behind only Tether’s USDT, Ether token and of course Bitcoin. Forbes reported that Ripple’s market cap has risen from around $30 billion to $131 billion by Monday. But why is XRP going up, and why is the price prediction continuing to rise?

The surge in the value of the XRP token comes amid speculation that the SEC may drop its legal case against Ripple Labs, the company that developed the XRP platform.

XRP has had a massive performance , rising to $2.5 and achieving a over 340% gain in the last 30 days. This surge has pushed XRP to the third largest crypto ass

Ripple token XRP has surged past Tether (USDT) and Solana (SOL) to become the third-largest crypto by market capitalization.

XRP, a token linked to Ripple Labs Inc., has vaulted rivals to become the third-largest cryptocurrency in a $100 billion rally.

XRP, which once was a powerhouse alongside Bitcoin and Ethereum, has returned to its place in the Top 3 ranks of the world's most valuable cryptocurrencies, following a four-year downtrend triggered by the SEC's lawsuit against Ripple.

Ripple’s XRP has managed to surge past $2 after what felt like an eternity, sitting at exactly $2.10 as of press time. Not only that, but the coin has managed to overtake Solana, which used to be considered this cycle’s top performer.