XRP replaces Solana and becomes the 6th largest crypto by market capitalization.

    • XRP (XRP) returned Solana (SOL).
    • XRP ranks 6th among cryptocurrencies by market capitalization.
    • The crypto currently has a market capitalization of $25,935,499,965.

XRP is now the sixth largest cryptocurrency in the world by market capitalization.

At the time of writing this article, with a market capitalization of $25,935,499,965, XRP is at $0.536664, up 0.2% in the last hour. Meanwhile, Solana has a current market cap of $24,166,338,404.

Analysts on Twitter also claim that XRP has its daily close with a bullish divergence. However, not everyone agrees with this; some say they have been waiting for relief from XRP for years, but have been left disappointed.

#XRP daily closing with a bullish divergence | Let’s see if we get some relief 📈

The crypto market in general is bleeding red with the price of bitcoin crashing to $32,979.21. To this end, whales are transferring and liquidating their BTC en masse. Other cryptos do no better and a huge amount of $320 million was liquidated from the cryptocurrency market in the last 24 hours, according to WatcherGuru.

Notably, Solana hit its all-time high (ATH) in November 2021 at $259.96. It has since fallen 72%. On the other hand, XRP reached its ATH in January 2018 at $3.40. He’s down 84% since his ATH.

To emphasize, XRP has been in a bit of a heat in recent months with the SEC hot on its heels. However, Ripple CEO Brad Garlinghouse noted that despite these hurdles, Ripple had a record year in 2021 and a record first quarter in 2022.

In 2020, the SEC sued Ripple Labs for issuing and selling unauthorized securities – XRP tokens – to the public. The entire industry is watching the SEC lawsuit against Ripple with impatience, as its outcome will set a precedent. In particular, the findings of this case will also help clarify the regulatory landscape for future initial cryptocurrency offerings.


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