XRP Surpasses $33 Billion Market Cap: Can It Maintain Its Position?

Overall, XRP’s recent surge in market cap to over $33 billion has positioned it as the sixth-largest cryptocurrency in the market, displacing USDC. Despite holding steady in the $0.6 price zone, nearly 20% of XRP’s supply remains unprofitable for holders. The altcoin’s MVRV ratio indicates ongoing losses for recent investors, while the supply of XRP in profit has seen a decline. However, with potential for a future price hike and a gap of over $1 billion between XRP and USDC, the cryptocurrency may have a chance to maintain its new market cap position in the long term.