Ripple’s native token has extended its decline, slipping from the third position in market capitalization.
Tether’s USDT has reclaimed the spot after months in fourth place, with its market cap rising to $167,613,338 on CoinGecko.
XRP surged to a record high of $3.65 in mid-July after breaking out of its consolidation phase near $2.2. However, the momentum quickly faded as the token repeatedly slipped below the key $3 support level.
Over the past 24–36 hours, the broader crypto market faced heavy losses, and XRP was no exception. With Bitcoin plunging to a seven-week low, Ripple’s cross-border asset tumbled to $2.73 — its lowest level since August 3. While it has since rebounded slightly to just above $2.8 at press time, XRP remains down 4% on the day and 6% over the week.
The decline has also pushed Ripple further down the global assets ranking. After briefly breaking into the top 100 by market cap during July’s rally, XRP has now fallen out of that tier, sliding to 121st place, according to 8marketcap.
While Ripple still holds a higher market cap than major corporations like Sony, Airbus, Allianz, and Accenture, it has slipped behind companies such as Charles Schwab, BlackRock, and Xiaomi.
Even with the recent setback, many community members and analysts remain confident that XRP has significant upside potential this cycle — with some of the most optimistic price forecasts outlined below.
