XRP has surged past Binance Coin (BNB) to reclaim its position as the third-largest cryptocurrency by market capitalization, driven by short-term buying pressure.
As of press time, XRP’s market capitalization had climbed to about $158 billion, overtaking BNB’s $156 billion. The token is trading at $2.63, up 3.43% in the past 24 hours and 12.8% over the past week, marking one of the strongest performances among the top five digital assets.
BNB, meanwhile, is trading at $1,123.71, up modestly by 0.55% in 24 hours and 4.35% over the week.
In October, BNB outpaced XRP, driven by a combination of regulatory relief, exchange support, and growing network activity. For instance, U.S. President Donald Trump’s pardon of Binance founder Changpeng Zhao boosted investor confidence, while Coinbase and Robinhood listings expanded access for U.S. traders.
Why XRP price is rallying
Notably, XRP’s surge, in addition to support from the broader market, has seen investor interest driven by strategic developments surrounding Ripple and the newly announced Evernorth digital asset treasury (DAT).
In this line, Ripple co-founder Chris Larsen sold some XRP holdings to fund Evernorth, which aims to raise over $1 billion through a SPAC merger to purchase and hold XRP at scale. This move, rather than signaling a sell-off, is designed to boost long-term demand and tighten supply.
Evernorth, backed by Japan’s SBI Group, could engage in on-chain lending and liquidity provisioning, further boosting its influence on the XRP Ledger.
Combined with Ripple’s efforts to expand XRP’s use in payments, stablecoins, and institutional services, these developments create a bullish backdrop for the token, reinforcing its appeal despite recent market volatility.
XRP price prediction
XRP’s rally comes amid a defiance of retail fear, uncertainty, and doubt (FUD) on social media. Santiment data shows small wallets selling off, driving a nine-month low in sentiment, while hype around Larsen’s $120 million XRP dump fuels panic.
Santiment’s analysis revealed a contrarian signal where retail predicts a crash below $2 but marks a “fear-buy” opportunity as institutions accumulate. Above $3, a “sell” signal has emerged.
Historical patterns suggest retail FUD often precedes XRP rallies, with whales recently offloading just 70 million XRP against a $144 billion market cap.
With a pending spot XRP ETF decision and Ripple’s RLUSD stablecoin nearing $1 billion, institutional inflows hit $73.88 million last week. Analysts forecast a rise to $2.80 by month-end if $2 holds, potentially hitting $3.50 by year-end.
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