đ $XRP flips $BNB to rank as 3rd largest cryptocurrency
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, XRPâs market capitalization had climbed to about $158 billion, overtaking BNBâs $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 Trumpâs pardon of Binance founder Changpeng Zhao boosted investor confidence, while Coinbase and Robinhood listings expanded access for U.S. traders.
đž Why $XRP price is rallying
Notably, XRPâs 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 Japanâs SBI Group, could engage in on-chain lending and liquidity provisioning, further boosting its influence on the XRP Ledger.
Combined with Rippleâs efforts to expand XRPâs use in payments, stablecoins, and institutional services, these developments create a bullish backdrop for the token, reinforcing its appeal despite recent market volatility.