u.today
As the price of popular cryptocurrency $XRP continues its relentless rise, smashing one high after another, it finally reached the $1.50 point today, where holders decided to unload some of their holdings, triggering a cascade of liquidations and dragging the price down 9.88% to $1.35 in just one hour.
However, the bullish bias is still the strongest for $XRP and the asset was quickly rebought, rocketing to $1.44 per coin.
Now, the market capitalization of this crypto market old-timer is still strong at $82 billion. Just think, less than two weeks ago this indicator stood at $30 billion, then fast forward 13 days and $XRP boasts a market cap of almost $50 billion more.
9B more and we pass $BNB! 🎉🎉🎉 pic.twitter.com/gvoOXA7JfL
— $XRP_Liquidity (Larsen/Britto/Escrow/ODL Tracking) (@XRPwallets) November 22, 2024
This sudden, rapid, breathtaking price surge has not only community members but also broader crypto market participants wondering: is $XRP ready to go higher in the market rankings and overturn Binance Coin ($BNB)? Many prominent voices of the crypto and $XRP community see such a "flippening" happening.
$XRP about to flip $BNB and only 50% away from flipping SOL pic.twitter.com/j2TKfHCUtX
— DonAlt (@CryptoDonAlt) November 22, 2024
As of now, $XRP stands as the sixth largest cryptocurrency, while fifth place is occupied by $BNB with a market cap of $89.7 billion. But while the former has gained 187.4% in recent weeks, the latter has lagged behind with a mere 7.9% gain in November.
From where we are standing, $XRP is only $9 billion away from surpassing $BNB. In the language of percentages and prices, this means that the price of $XRP needs to score another 7.8% surge, or make it to $1.57, if Binance Coin does not surge as well.
Who knew that by the end of 2024 we would be discussing $XRP becoming the fourth largest crypto asset, excluding the stablecoin USDT. $XRP has put on a truly remarkable performance this year.