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XRP to PKR: Conversion Rate; May 14, 2025

  • On May 14, 2025, XRP’s price surged 10% to $2.60, pushing its market capitalization to about $152 billion and overtaking USDT as the third-largest cryptocurrency.
  • The price surge was fueled by hopeful expectations of a US election result supportive of cryptocurrency developments and by market speculation regarding the possible authorization of spot XRP exchange-traded funds.
  • Last Friday, a joint motion was filed to settle the prolonged legal dispute between Ripple and the SEC for $50 million, subject to court approval, which would enable Ripple to access $125 million held in escrow.
  • XRP has reached its strongest price point in several months, though it still trades roughly 24% below its January 2018 peak of $3.40, while USDT’s market capitalization recently climbed to $150 billion.
  • This shift marks a notable change in market dynamics, signaling renewed investor interest in altcoins and a possible rotation of capital from stablecoins to risk-on assets.
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Crypto Briefing broke the news in on Monday, May 12, 2025.
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