XRP has demonstrated significant bullish momentum this week, with buying pressure driving its price above the crucial $3 level since September 10. At the time of reporting, XRP was trading at $3.16, marking a 3.92% gain in the last 24 hours and positioning for its fourth consecutive day of gains if it closes in green. The cryptocurrency has shown a remarkable 13% weekly increase, reversing September's typically bearish trend for digital assets.
The price surge has propelled XRP's market capitalization to $188.66 billion, according to CoinMarketCap data. This achievement has placed XRP back among the top 100 global assets, currently ranking 98th and surpassing established giants like Citigroup ($183 billion market cap) and Shopify ($185 billion market cap). This represents a symbolic milestone for the cryptocurrency, which earlier this year had briefly entered the top 80 global assets and even surpassed McDonald's at one point.
Supporting this growth, 3iQ's XRPQ ETF in Canada has reached a new milestone, exceeding CAD 150 million in assets under management (AUM). Launched earlier this year, this ETF has quickly become the largest among Canadian peers, highlighting strong investor demand for XRP exposure in regulated markets. Additionally, REX-Osprey ETFs have cleared the SEC's 75-day review and are expected to list soon, potentially including XRP products alongside Dogecoin and Bitcoin ETFs. However, the SEC has extended the review period for the Franklin XRP ETF until November 14, 2025.