XRP’s Market Cap Surge Signals a Shift in Global Finance
Ripple’s XRP has achieved a significant milestone, entering the top 100 global financial assets by market capitalization. With a current market cap of approximately $180 billion, XRP has surpassed well-known entities such as Allianz SE, Accenture, and Boston Scientific. This growth comes amid broader gains in the cryptocurrency market over the past ten months, with XRP alone seeing a dramatic increase from a market cap of roughly $30–35 billion to an all-time high of $3.65 in mid-July. While the token has since experienced a pullback, it remains well above $3 and continues to demonstrate resilience amid broader market corrections [1].
The rise of XRP coincides with key developments in Ripple’s broader ecosystem. The company has made significant strides in regulatory and business fronts, including nearing the resolution of its long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC). The Second Circuit Court of Appeals recently approved a joint stipulation of dismissal, bringing a potential end to the case. Additionally, Ripple has expanded its financial services portfolio, including a $1.25 billion acquisition of Hidden Road, a prominent prime brokerage firm, and the launch of an institutionally-focused stablecoin, RLUSD, in late 2024 [1].
The recent price action of XRP has also reflected heightened institutional interest and on-chain activity. During the August 22–23 trading session, XRP surged 8.56%, testing resistance near $3.10 following dovish remarks from Federal Reserve Chair Jerome Powell. On-chain settlement volumes on the XRP Ledger increased by 500%, signaling potential institutional adoption. However, late-session volatility limited further gains, with XRP settling near $3.01. Traders are now closely monitoring whether the $3.00 support level holds and whether a breakout above $3.10 could trigger further upward momentum [2].
Ripple’s stablecoin ambitions are also gaining international traction, particularly in Japan. In a strategic partnership with SBI Holdings, Ripple plans to launch its U.S. dollar-backed stablecoin, RLUSD, in Japan by early 2026. Fully collateralized by U.S. dollar deposits, short-term Treasuries, and cash equivalents, RLUSD will undergo monthly third-party attestations to ensure transparency and regulatory compliance. SBI VC Trade, a licensed crypto exchange, will serve as the distributor in Japan under a newly signed memorandum of understanding. Ripple executives have emphasized the stablecoin’s potential to enhance the reliability and efficiency of Japan’s digital finance infrastructure, particularly in cross-border remittance corridors [3].
The expansion of Ripple’s product suite is further supported by its existing On-Demand Liquidity (ODL) service in Japan, which leverages XRP to facilitate fast, low-cost cross-border payments. With RLUSD set to complement XRP in powering remittance flows and institutional payments, Ripple is positioning itself to capture a larger share of the global payments market, especially in regions like Japan, where cross-border transaction costs are among the highest in the world. This dual-layered ecosystem, combining XRP for liquidity and RLUSD for stability, aligns with Ripple’s broader vision of integrating digital assets into mainstream financial infrastructure [5].
Source:
[1] Ripple’s XRP Is Now a Top 100 Global Asset (https://cryptopotato.com/ripples-xrp-is-now-a-top-100-global-asset-heres-what-it-means/)
[2] XRP Surges 9% Before Pullback Caps Rally Near $3 (https://www.coindesk.com/markets/2025/08/23/xrp-surges-9-before-pullback-caps-rally-near-usd3)
[3] Ripple and SBI to Launch RLUSD Stablecoin in Japan by … (https://finance.yahoo.com/news/ripple-sbi-launch-rlusd-stablecoin-055619508.html)
[4] Latest RLUSD Stablecoin Could Propel Ripple To … (https://bitcoinist.com/latest-rlusd-to-propel-ripple/)
[5] Ripple News: RLUSD Stablecoin to be Distributed in Japan … (https://www.coindesk.com/markets/2025/08/22/ripple-sbi-plan-rlusd-stablecoin-distribution-in-japan-by-2026)
