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XRP Flips Solana, Becomes 6th Biggest Crypto by Market Cap -Breaking

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Solana becomes 6th largest crypto by market cap when XRP flips it
    • The XRP (XRP), has been flipped (SOL).
    • XRP is 6th in cryptos by market capital.
    • The current market capitalization of the coin is $25,935,499,965.

Interesting twist of events: XRP has turned Solana (SOL) upside down. Market cap-wise, XRP has become the sixth largest cryptocurrency worldwide.

At the time this article was written, with a marketcap of $25.935,499.965, XRP stood at $0.536664. That’s 0.2% more than it was in the last hour. Solana’s market cap is currently $24,166 338,404.

Twitter analyst (NYSE: ) claims that XRP closes each day with a bullish divergence. However, this is not universally agreed upon. Some claim that they have waited for XRP relief for many years and were disappointed.

The crypto market in general is bleeding red with Bitcoin’s price crashing to $32,979.21. Whales are liquidating and transferring their BTC bulk to meet this need. WatcherGuru says that the price of other coins is not much better. In the 24 hours since the announcement, $320million has been taken out from the crypto market.

Solana was at its highest (ATH) level in November 2021, when it reached $259.96. The price has dropped 72% since then. XRP reached its ATH on January 18, 2018, at $3.40. The price has declined 84% from its ATH.

XRP, which was under the SEC’s wing for several months, had been stuck in a rut. But CEO Brad Garlinghouse noted that despite all these obstacles, Ripple achieved a record-breaking year in 2021, and an unprecedented Q1 in 2022.

In 2020, SEC had sued Ripple Labs for issuing and selling unlicensed securities — XRP tokens — to the public. As the case SEC vs. Ripple is set to become a precedent, industry watchers are eagerly following. This case, and its findings in general will set the stage for the future regulatory framework of initial coin offerings.

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