Ripple's XRP token has recently surpassed Solana in market capitalization, earning the position of the fourth-largest cryptocurrency. This achievement is the result of several contributing factors.
One reason for XRP's success is its impressive rally, allowing it to gain the attention of investors. Another notable factor is the growing hopes for an XRP Exchange-Traded Fund (ETF), which has fueled positive sentiment in the market.
Additionally, Ripple's strategic partnerships have played a crucial role in increasing the adoption and utility of XRP, thereby enhancing its market position.