Tether (USDT) stablecoin has surpassed XRP to become the third largest cryptocurrency by market capitalization. Tether's market valuation has reached $141.4 billion, pushing XRP down to the fourth spot with a valuation of $139.72 billion. XRP has experienced significant losses in the past week, falling 22% and dropping out of the top three cryptocurrencies. Stablecoins like Tether are considered a safe haven during market uncertainty, which may explain its increase in value. Despite the decline, there is increasing attention from ETF providers for XRP, with several applications filed to list and trade XRP ETFs. Whales have taken advantage of the recent dip in XRP prices to accumulate a large amount of the cryptocurrency. The crypto rankings are always changing, so it remains to be seen whether XRP can reclaim its position in the future.



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