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In an interesting turn of events, data on CoinMarketCap shows that Ripple (XRP)<\/a> has flipped Cardano (ADA)<\/a> to become the seventh most prominent cryptocurrency<\/a> in the world by market capitalization. The current market cap of XRP and ADA is respectively $15,410,470,239 and $15,174,615,603, with XRP leading by nearly $300 million.<\/p>\n As a result of the general market crash, XRP trades at $0.3178 across cryptocurrency exchanges, with a barely 1.69% increase in 24 hours. In contrast, other major cryptocurrencies like Bitcoin and Ethereum barely had a 0.1% increase in 24 hours.<\/p>\n While ADA has a 24-hour volume of $433 million, XRP traded nearly twice the volume of ADA at $800 million. The two cryptocurrencies, however, have suffered significantly in the last seven days, where both lost more than 12% of their value.<\/p>\n The Ripple blockchain is a crypto-based payment system that has collaborated with many large brand firms to facilitate cryptocurrency payment via XRP. On July 1, the Colombian government launched a national land registry on the XRP Ledger (XRPL) for over 50 million people. The government will verify the authenticity of digital files and records on XRPL using QR codes.<\/p>\n The crypto market, in general, has been in a bleeding trend<\/a>, with BTC losing over 65% since last December 2021. Notably, XRP reached its all-time high (ATH) five years ago at $3.84 and has lost 99.67% of its value since then. ADA hit its ATH only ten months ago at $3.10, and it has fallen by 85% since its ATH.<\/p>\n <\/p><\/div>\n