XRP's market cap rivals AMD, fueled by Trump's pro-crypto stance and potential growth

From Nasdaq: 2025-01-26 06:55:00

XRP, the third-largest cryptocurrency globally, has surged over 530% since Donald Trump’s election win. Trump’s pro-crypto stance and promise of lighter regulations could make the U.S. the “crypto capital of the world.” XRP’s market cap now rivals tech giant AMD, sparking speculation on its future growth potential.

XRP’s market cap is $181 billion, close to AMD’s $199 billion. Despite AMD’s struggles in 2024, analysts remain optimistic about its growth potential. XRP’s breakout coincides with a pending lawsuit against Ripple, but a favorable outcome could boost its value. The competition from Solana poses a challenge to XRP’s dominance.

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Read more at Nasdaq: Will XRP (Ripple) Soon Be Bigger Than AMD?