XRP Enters Top 100 Global Assets at No.94, Eyes ETF Approval and Banking License
XRP’s market capitalization surged following a weekend rebound, propelling the token into the top 100 global assets by value. As of today, XRP ranks 94th, overtaking e-commerce giant Shopify and closing in on firms like Booking Holding, Texas Instruments and Verizon. This milestone underscores XRP’s growing significance beyond the crypto sector and reflects increasing institutional interest. Looking ahead, two potential catalysts could drive further gains: US SEC approval of a spot XRP ETF in October, which would boost liquidity and open the door for large-scale fund inflows, and a pending Ripple application for a Federal Reserve master account and national bank charter. If both events occur, XRP is poised to solidify its role in mainstream finance and accelerate its ascent among the world’s most valuable assets.
Bullish
XRP’s breakthrough into the top 100 global assets and the prospect of an approved spot ETF and Ripple banking license are clear bullish signals. Historically, Bitcoin and Ethereum saw significant price rallies around similar ETF approvals, driven by fresh institutional inflows and enhanced liquidity. In the short term, XRP is likely to experience heightened trading volume and upward price momentum as traders anticipate regulatory green lights. Over the long term, successful ETF launch and bank charter would integrate XRP into mainstream financial systems, fostering deeper institutional adoption and sustained demand.