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Binance Coin does not appear to be posing a threat to $XRP’s position in the top four cryptocurrencies by market capitalization anytime soon, CoinMarketCap shows. The figures speak for themselves: $BNB is far behind at $122 billion in market capitalization, while $XRP is at about $134 billion.
Is $XRP in trouble?
Looking at both charts, it is evident why that gap has not significantly closed during the recent market turbulence. On the chart, $XRP is in a structural downtrend, but it has stabilized enough to avoid experiencing the kind of volatility that would cause it to fall out of the top four.
Every time $XRP falls toward its lower boundary, buyers intervene. The price has been grinding sideways to slightly downward within a descending channel. Resilience is more important when comparing it to $BNB than bullish momentum.
$BNB faces two challenges. First of all, it does not have the influx of liquidity that $XRP typically experiences during market swings. Second, Binance’s potential to make a significant comeback is still hampered by the regulatory pressure surrounding it. Even when $BNB rises, it does so independently and without the support of the larger market.
Despite ongoing legal disputes, $XRP continues to gain from increased trading volumes, a wider range of holders, and a more stable market presence. In other words, unless $XRP collapses — which the chart obviously does not support — $BNB lacks the structural support to close a $12 billion gap.
$XRP's breakout potential
In terms of price, $XRP has yet to break out of the declining channel and continues to face resistance from its downward-sloping EMA cluster. There is no discernible change in the trend, as the RSI stays neutral. However, stability rather than explosive upside is the main storyline here. $XRP is fulfilling investors’ desire for assets that can withstand volatile periods.
To challenge $XRP’s ranking, $BNB would require a strong catalyst and a persistent multiweek rally. Such a catalyst will not exist in the near future. In the meantime, $XRP continues to be liquid, active and structurally supported even during a corrective phase.