XRP is on the verge of reclaiming a $100 billion market capitalization, which it last achieved in 2018. During that peak, XRP reached an all-time high price of $3.13 per token, with a valuation of $120.76 billion.
Currently valued at $1.66 per token, the increase in circulating supply, boosted by Ripple's periodic releases from escrow, is playing a significant role in its market valuation. The current circulating supply stands at 57.05 billion tokens.
This potential resurgence in XRP's market cap comes amid ongoing legal battles, marking a historic comeback. The market's optimism signals confidence in XRP's standing in the cryptocurrency space.