XRP has made headlines recently by surpassing the market capitalization of Uber, a global transportation giant. As of August 7, 2025, XRP’s market cap reached an impressive $196.6 billion, edging out Uber’s valuation of $193.7 billion. This leap not only showcases XRP’s remarkable performance but also signals a critical turning point in its journey toward the coveted $200 billion valuation.
The driving force behind this surge was a significant development in the legal arena. Ripple, the company behind XRP, and the U.S. Securities and Exchange Commission (SEC) jointly filed to dismiss their appeals in the ongoing XRP lawsuit, a move many believe could finally resolve the long-standing legal uncertainties that have overshadowed XRP’s market prospects. Following this announcement, XRP’s price jumped from $2.99 to $3.38, marking a 13% intraday increase that propelled its market capitalization past several major companies.
Before the legal filings, XRP was ranked 94th globally, with a market cap of around $184 billion. It has since moved up to 87th place, overtaking significant firms such as PepsiCo, Commonwealth Bank, and HDFC Bank. The cryptocurrency has seen a phenomenal 12.23% growth in the past day, with trading volumes skyrocketing by 173.16% to reach $11.49 billion.
Currently, XRP is just shy of that magical $200 billion milestone and is within $3 billion of overtaking other substantial firms like Shopify, AT&T, and Merck. Although XRP briefly crossed the $215 billion mark in July, it retreated below $200 billion after former U.S. President Donald Trump introduced a new tariff plan. However, the recent rally has rekindled hopes for XRP to reclaim and even surpass the $200 billion mark imminently.
Despite these impressive gains, XRP remains the third-largest cryptocurrency by market cap, trailing behind Bitcoin (valued at $2.32 trillion) and Ethereum (at $472 billion). This positioning illustrates XRP’s strength in the digital asset space but also highlights the considerable obstacle it faces in challenging the market leaders.
Ripple has also made strategic acquisitions to bolster its presence in global financial infrastructure. The company recently acquired Rail for $200 million, gaining access to a significant portion of global stablecoin payment flows. This acquisition aligns with Ripple’s broader strategy to leverage the XRP Ledger for scalable, efficient cross-border payments, enhancing its competitive edge in the market.
Market analysts are noting an increase in institutional interest in XRP. Nate Geraci of NovaDius Wealth Management recently mentioned that BlackRock is expected to file for a spot XRP ETF, which would represent a significant step in facilitating XRP’s institutional adoption. Although this filing has yet to materialize, it amplifies the growing recognition of XRP within traditional finance.
The ascent of XRP also signifies a broader shift in how digital assets are evaluated parallel to traditional investments. The ability of a cryptocurrency to outpace a well-established multinational corporation in market valuation underscores the evolving dynamics of the global financial system. However, it is essential to remain cautious and differentiate between current performance and speculative forecasts. Predictions, including those estimating XRP’s rise to $200 billion, are grounded in market trends and not certainties.
As XRP navigates its path toward the $200 billion target, various factors will influence its trajectory. These include regulatory clarity, growing institutional adoption, and broader macroeconomic conditions. The next phases of XRP’s journey will likely unfold through continued legal resolutions, technological innovations, and changing investor sentiment.
