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XRP Market Cap Briefly Surpasses BlackRock, Institutional Potential Upside Driving Bullish Sentiment
Summary: According to Finbold, XRP's market cap briefly approached $183.4 billion, surpassing the market cap of the world's largest asset management company, BlackRock, which was close to $180 billion at the time. Analysts believe that this surge and bullish sentiment may be related to Ripple's ongoing application for a national trust bank charter in the US, ...
According to Finbold, XRP's market cap briefly approached $183.4 billion, surpassing the market cap of the world's largest asset management company, BlackRock, which was close to $180 billion at the time. Analysts believe that this surge and bullish sentiment may be related to Ripple's ongoing application for a national trust bank charter in the US, which would allow it to operate stablecoins under federal regulation.
As the application deadline approaches, the market is viewing this as a long-term positive catalyst for XRP.
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Link: XRP Market Cap Briefly Surpasses BlackRock, Institutional Potential Upside Driving Bullish Sentiment [Copy]
