Ripples XRP Soars Above $3, Flips Tether (USDT) as 3rd Largest Crypto Asset

XRP, the cryptocurrency associated with Ripple Labs, increased in value by 5% to over $3.04 on July 16, 2025. This price surge allowed XRP to surpass Tether (USDT) and become the third-largest cryptocurrency by market capitalization. XRP's price gains over the past week totaled 26%. The price increase coincides with developments such as Ripple Labs potentially nearing the end of its lawsuit with the U.S. SEC, a partnership to tokenize property deeds in Dubai, and the progression of crypto-related legislation. Technical analysis suggests XRP has broken out of a bullish flag pattern, which could lead to further price increases.