Ripple's financial services-focused cryptocurrency XRP regained its place as the third crypto with the highest market cap.

The rise of XRP to a $140B altcoin is heavily influenced by the US political shift and notable development of the XRPL network.

XRP Price hits an eight-year high all the way to $2.50 overtaking Solana, USDT for the third spot. Market analysts raise demand for XRP ETF.

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

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

Ripple Labs' XRP Token has come up trumps post-election to become one of the world’s biggest cryptocurrencies. The currency leapfrogged Solana’s SOL and is now fourth behind only Tether’s USDT, Ether token and of course Bitcoin.

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.