- XRP's 76% rise places it forward of Binance's BNB, closing the market cap hole to simply $3 billion.
- The value of XRP reached $1.56 and is near the $2 mark, with technical indicators suggesting that it’s going to quickly surpass the $100 billion mark.
- BNB is lagging behind with solely 3% weekly progress, sustaining its market lead, however dealing with stiff competitors from the bullish momentum of XRP.
XRP, the sixth-largest digital asset by market capitalization, has surged 76.29% over the previous week, shifting nearer to overtaking Binance's BNB token, which at present holds the fifth spot. Whereas XRP's rally has been spectacular, BNB has solely gained 3.02% over the identical interval, underperforming throughout a market rally.
Information from CoinMarketCap exhibits that XRP is up 13.61% within the final 24 hours and is buying and selling at $1.56 on the time of writing. Whereas the token stays 59.14% under its all-time excessive of $3.84 set in January 2018, XRP hit its highest worth since April 2021 at $1.62 earlier this week. If the present momentum continues, XRP might quickly break the $2 stage.
In the meantime, BNB is buying and selling at $641.62, up 0.84% within the final 24 hours and up 8.75% within the final month. Nevertheless, it stays 10.95% under its all-time excessive of $720.67 recorded in June. Just lately, BNB misplaced its fourth place in market capitalization to SOL, the native token of the Solana blockchain.
XRP's market cap is $89 billion, near surpassing BNB's $92.45 billion. The $3 billion hole might be closed if XRP maintains its capital influx, with the potential to surpass the $100 billion valuation within the close to future.
XRP Value Evaluation: $2 Out of sight?
TradingView charts present that the Relative Energy Index (RSI) for XRP is at 91.34, signaling an overbought situation and suggesting a potential near-term correction. Nevertheless, the uptrend on the chart means that XRP might break above $2, assuming the broader crypto market maintains its bullish trajectory.
Additionally Learn: XRP Hits $1.50 For First Time Since 2021, Eyes BNB And Solana Flip
Whereas shopping for demand has eased barely, XRP stays positioned for potential positive factors, pushed by robust momentum and sustained investor curiosity.
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