Previously, XRP was holding the third-largest cryptocurrency position by market cap for a long time. Even though there was a lack of momentum since 2017, XRP had gripped its position. Since 2013, XRP always ranked third, after bitcoin (BTC) and Litecoin (LTC) back then. But this year, XRP had fallen to the fifth rank on the crypto market. XRP's long-held seat was occupied by Litecoin but later Tether and Polkadot surged to outrank it.