XRP briefly surpassed Tether to become the third-largest crypto by market capitalization, reaching US$2.63 and a US$151 billion market cap.
Speculation of a possible XRP exchange-traded fund by BlackRock following the conclusion of the SEC lawsuit contributed to the bullish sentiment and price surge of XRP.
Nate Geraci from The ETF Store suggested that BlackRock may file for an XRP ETF to stay competitive in the market.
Despite reaching the third position for the third time this year, XRP remains 35% below its all-time high of US$3.84 set in January 2018.