Ripple's XRP cryptocurrency has surpassed Tether (USDT) to become the third-largest cryptocurrency by market cap, behind Bitcoin and Ethereum.XRP has surged by 424% over the past month and reached $2.69, representing a fivefold increase in less than a month.Renewed investor confidence and positive developments in the SEC lawsuit against Ripple have contributed to XRP's price gains.However, there are concerns about the rally being overextended, and some analysts recommend waiting for a price correction before investing.