XRP's market cap climbed to $141.1 billion, surpassing Tether's $137.1 billion, a figure that highlights its strong growth in the cryptocurrency market.

XRP's recent price increase is mainly due to the increase in whale activity and the strategic deployment of its parent company Ripple. Ripple unlocked 500 million XRP from its escrow account, enhancing the liquidity of the market.

At the same time, the trading activity of South Korea's Upbit exchange also contributed to XRP's rise, and its trading volume successfully exceeded the $1.3 billion mark. These positive developments have attracted widespread attention from investors and analysts, and have stimulated market speculation that the token may continue to rise in the future.

Cryptocurrency analysts are optimistic about the future of XRP, with Armando Pantoja predicting that XRP's price may reach between $8 and $20 during the current market cycle. Pantoja believes that XRP's widespread use in the cross-border payment field is a key factor in its potential growth, as XRP offers faster transaction speeds and lower fees than traditional systems. XRP enables instant and cost-effective global fund transfers, compared to the high fees and slow transaction speeds often faced by traditional financial channels. This efficiency has made XRP popular not only with retail investors, but also with institutional investors.

Ripple recently launched the RLUSD stablecoin to further enhance the utility of the network. With RLUSD, Ripple has leveraged its network's near-zero transaction fees to facilitate low-cost transactions.

This new feature adds another layer of utility to the XRP ecosystem, further strengthening its position in the cryptocurrency industry. With a market capitalization of $141.1 billion, XRP continues to consolidate its position in the market and attract the attention of traders and investors around the world.

With the continuous expansion of applications and the continued promotion of technological innovation, XRP is showing momentum to become a strong competitor in the cryptocurrency field.