[XRP Market Cap Briefly Surpasses BlackRock, Institutional-Level Potential Catalysts Drive Bullish Sentiment] According to Finbold, data from CoinMarketCap shows that XRP's market cap once approached $183.4 billion and briefly surpassed the market cap of BlackRock, the world's largest asset management company (then close to $180 billion), on Sunday (October 5). Analysts believe that this round of price increase and bullish sentiment may be supported by Ripple's ongoing efforts to secure a U.S. national trust bank charter. This license would enable Ripple to operate stablecoins under federal regulation. As the October application deadline approaches, the market is viewing this as a long-term bullish catalyst for XRP.