XRP Becomes Top 3 Crypto After ProShares ETF Approval, Can It Flip ETH?

XRP's price significantly increased recently, rising about 25.7% in a week, after reports of the SEC approving the ProShares Ultra XRP ETF. This price jump pushed XRP's market value to $173.4 billion, surpassing Tether (USDT) to become the third-largest cryptocurrency. XRP is now aiming to overtake Ethereum, which has a market value of $381.13 billion. To reach this, XRP's price would need to more than double to about $6.60 per token, assuming the current supply remains the same. Ethereum's value has also risen, driven by inflows into its Spot ETFs. The SEC is expected to make a decision on the REX-Osprey XRP ETF on July 25, which could further increase XRP's price. Currently, XRP is trading at $2.93.