In brief
- XRP is now 91st largest asset in the world, with a larger market capitalization than PepsiCo, BlackRock, and Uber.
- It comes after the cryptocurrency set a new all-time high for the first time in seven years.
- The asset needs to rise just 5% to surpass fast food giant McDonald's.
XRP is now larger than some of the biggest companies in the world, and its most staunch investors believe that it’ll be in the top 10 assets “sooner than many might think.”
Now the third-largest cryptocurrency, XRP is the 91st largest asset in the world, according to InfiniteMarketCap, with a market cap of $203.89 billion. Due to its 71.6% monthly rise, per CoinGecko, XRP has surpassed drinks company PepsiCo, telecommunications firm AT&T, and taxi app Uber.
Ethereum, by comparison, is the 29th largest asset, ahead of the likes of retail company Cotco and medical firm Johnson & Johnson. As for Bitcoin, it currently sits as the 6th largest asset behind Amazon and ahead of Google's creator, Alphabet.
However, one expert warns against treating the market capitalization of a public company and a cryptocurrency as the same thing.
"It's important that the two concepts are not treated the same," Matej Janež, Head of Partnerships at crypto privacy firm Oasis, told Decrypt. "A public company's market cap counts shares that confer a legal claim on earnings and assets. A crypto market cap is the price multiplied by the circulating token count. Both numbers can reveal speculative appetite, but only one comes with enforceable rights to dividends and residual assets."
XRP set a new all-time high earlier this month for the first time in seven years. It came following a five-year legal battle with the U.S. Securities and Exchange Commission, which alleged that Ripple and two of its executives had participated in the sale of unregistered securities through XRP.
The worst of the legal battle appears to be behind the project as President Trump’s pro-crypto administration begins to ease regulatory scrutiny. Ripple CEO Brad Garlinghouse even claimed the battle was over in March, despite some details of the lawsuit—a $125 million penalty—still lingering.
Since Trump secured re-election in November 2024, XRP has surged 585.8% from $0.503 to $3.44. That move has seen the cryptocurrency surpass the likes of investment titan BlackRock, aircraft creator Boeing, and sporting giant Nike.
“PesiCo, Uber, BlackRock, Google, Uber will remain in the dust because of XRP. [It] will continue to grow and grow because it has real value,” MackAttackXRP, a pseudonymous member of the XRP Army, an avid supporters group, told Decrypt. “XRP is on its way to the top ten. And it might happen sooner than many might think.”
For XRP to climb into the top 10, the cryptocurrency would need to jump more than 735% in value—assuming no other assets increase or decrease in value. MackAttackXRP and other XRP Army troopers argue that XRP will become the standard for transactions across the globe, replacing the traditional banking system, because of its low fees and fast processing speeds.
Breaking into the top 10 remains some distance away for XRP, however. Looking to a more achievable goal, XRP needs to rise just 5% to surpass fast-food behemoth McDonald’s. Such a move would also see it surpass oil company Shell and banking firm American Express.