Ripple token XRP has surged past Tether (USDT) and Solana (SOL) to become the third-largest crypto by market capitalization.

XRP has surged over 20% in 24 hours, replacing Tether's USDT as the world's third-largest cryptocurrency by market value.

Payment-focused cryptocurrency XRP (CRYPTO: XRP) flipped Solana (CRYPTO: SOL) to become the fourth-largest cryptocurrency after a searing rally on Sunday. What happened: The coin surged over 26% in the last 24 hours,

Ripple's XRP has managed to surge past $2 after what felt like an eternity, sitting at exactly $2.10 as of press time. Not only that, but the coin has managed

XRP surged 30% on Monday, overtaking USDT to become the third-largest cryptocurrency amid a multiweek rally driven by recent catalysts.

Cross-border payments solution XRP is now the fifth-largest crypto by market capitalization after rallying by nearly 300% in just one month.

The surge in the value of the XRP token comes amid speculation that the SEC may drop its legal case against Ripple Labs, the company that developed the XRP platform.

XRP, which once was a powerhouse alongside Bitcoin and Ethereum, has returned to its place in the Top 3 ranks of the world's most valuable cryptocurrencies, following a four-year downtrend triggered by the SEC's lawsuit against Ripple.