Ripple’s XRP Soars Above $3, Flips USDT as 3rd Largest Crypto

Ripple Labs-backed XRP gained 5 percent in the past 24 hours to trade above $3.04 on Wednesday, July 16, during the mid-North American trading session. The large-cap altcoin, with a fully diluted valuation of about $304 billion, reached the highest level in 24 weeks, thus flipping Tether (USDT) as the third-largest crypto asset.

As a result, XRP price has regained all the losses registered after President Donald Trump took office for the second term earlier this year. According to aggregate market data from Coingecko, XRP price gained over 26 percent…