BNB has overtaken XRP to become the world’s third-largest cryptocurrency by market capitalization, following a notable rally that pushed its price above $1,290.
BNB has overtaken XRP to become the world’s third-largest cryptocurrency by market capitalization, following a notable rally that pushed its price above $1,290.
shows BNB gained 6.3% in the past 24 hours and 26.5% over the last seven days, bringing its total market value to approximately $180 billion. The surge allowed BNB to edge past XRP, whose market cap currently stands at $178.1 billion after recent declines.
The latest price movement marks a significant milestone for BNB. It confirms renewed investor confidence in the Binance ecosystem amid the ongoing Bitcoin-led bull run.
However, despite its bullish performance, market analysts warn that risks remain present. Short-term profit-taking could result in a temporary retracement toward the $1,000 level.
Experts believe the price may drop to around $1,120–$1,150 before attempting to rise again. Staying above $1,200 would be a good sign for future growth.
If buyers stay active and handle selling pressure between $1,300 and $1,350, BNB could move toward $1,500. However, this would need strong support from both investor confidence and trading volume.
While BNB surged, XRP dropped 0.6% in the past day to trade at $2.98, narrowing its weekly gain to approximately 4.3%. The token began the month with a sharp 7% rise, but the momentum is cooling.
CME Group said it will start 24/7 cryptocurrency trading next year, which has boosted interest in well-known coins like XRP. Notably, the platform currently offers futures trading for XRP and has seen massive adoption.
Meanwhile, another factor to boost the XRP price this month is the incoming ETFs. Market participants are watching the seven crypto ETF applications waiting for approval from the U.S. Securities and Exchange Commission, with important deadlines beginning on October 19.
Bloomberg analysts have estimated a 95% probability that these approvals will go through, a development that could significantly influence market liquidity and sentiment.
Coinglass reported a $12.77 million net inflow into XRP markets on October 7. This is the first positive inflow after nearly a week of outflows totaling over $22 million. Although small, it might be an early sign that buyers are returning.
Analysts suggest that if XRP closes above $3.10, it may rise to around $3.66, its July highs. But if it falls below $2.90, selling pressure could increase, possibly pushing the price down further.
