- XRP's 76% surge places it in place to overhaul Binance's BNB, narrowing the hole in market cap to simply $3 billion.
- XRP value reached $1.56, nearing the $2 milestone, and technical indicators recommend it may quickly surpass a $100 billion valuation.
- BNB lags behind with weekly progress of simply 3% and maintains the lead in market capitalization, however faces stiff competitors from XRP's bullish momentum.
XRP, the sixth-largest digital asset by market capitalization, has surged 76.29% up to now week and is inching nearer to overtaking Binance's BNB token, which at present holds fifth place. Whereas XRP's rise has been spectacular, BNB has underperformed throughout market upswings, gaining solely 3.02% over the identical interval.
Based on information from CoinMarketCap, XRP has gained 13.61% up to now 24 hours and is buying and selling at $1.56 on the time of writing. Whereas the token continues to be 59.14% beneath its all-time excessive of $3.84 set in January 2018, XRP reached $1.62 earlier this week, its highest since April 2021. If the present momentum continues, XRP may break via the $2 degree quickly.
In the meantime, BNB is buying and selling at $641.62, up 0.84% up to now 24 hours and eight.75% over the previous month. Nonetheless, it stays 10.95% beneath the all-time excessive of $720.67 hit in June. Lately, BNB misplaced its fourth place in market capitalization to SOL, the native token of the Solana blockchain.
XRP has a market capitalization of $89 billion, on the verge of overtaking BNB's $92.45 billion. If XRP maintains capital inflows, the $3 billion hole may slender and it may attain a valuation of over $100 billion within the close to future.
XRP value evaluation: $2 in sight?
TradingView charts present that XRP's relative power index (RSI) is 91.34, indicating overbought circumstances and suggesting a attainable short-term correction. Nonetheless, the uptrend on the chart means that XRP may rise above $2 if the broader crypto market maintains its bullish trajectory.
Associated article: XRP hits $1.50 for first time since 2021, give attention to BNB and Solana Flip
Though buying demand has tapered off barely, XRP stays well-positioned for potential positive aspects, supported by robust momentum and continued curiosity from traders.
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