thecryptobasic.com
$XRP has achieved a significant milestone as its market capitalization surpasses the valuation of the American multinational transportation company Uber.
Popular crypto aggregator CoinGecko highlighted the latest feat today, noting that $XRP’s market cap has surpassed that of Uber. According to the announcement, the market value of $XRP reached $196.6 billion today, exceeding Uber’s $193.7 billion valuation.
$XRP reached this milestone after a dramatic rally triggered by the SEC and Ripple’s joint motion to dismiss their appeals. The filing ignited a new rally for $XRP, with its price soaring from $2.99 to $3.38, marking an intraday increase of 13%.
On the other hand, Uber’s stock is trading at $92.67, translating to a market valuation of $193.78 billion. Meanwhile, U.S.-based PepsiCo, India’s HDFC Bank, and Australia’s Commonwealth Bank are valued at $197.03 billion, $193.69 billion, and $192.57 billion, respectively.
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$XRP outperforms top companies
$XRP Eyes $200B Valuation
At the moment, $XRP is less than $3 billion away from overtaking other major companies, like Shopify, AT&T, and Merck. Last month, $XRP outpaced most of these companies, including Uber, after its valuation surged above $215 billion in the broader bull market of July.
However, it plunged below the $200 billion territory as Trump unveiled his most recent tariff plan. Now, $XRP is once again aiming to reclaim that milestone, fueled by the recent joint motion from the SEC and Ripple.
Despite surpassing major traditional assets, $XRP remains the third-biggest cryptocurrency by market cap. It currently ranks behind Ethereum and Bitcoin, which are valued at $472 billion and $2.32 trillion, respectively.