On Monday, July 18, XRP managed to climb up to the sixth spot by market capitalization on CoinMarketCap, reaching $17.63 billion. This is an impressive milestone for the Ripple-affiliated token as it surpassed not only Binance USD but also its competitors Cardano, Solana and Dogecoin. XRP owes its taking the sixth spot to a more than 20% weekly increase in the token's price, 8% of which came from the current bullish momentum. The triggers for XRP price growth include Jed McCaleb's wallet emptying, the Ripple-SEC lawsuit gaining momentum and XRPL rapid development. In addition to this, XRP simply had nowhere else to fall. After the last capitulation in early June, XRP went into a long accumulation phase. With no reason to fall further, it rapidly surged upward as the overall crypto market rose.
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