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 ￰0￱ of press time, XRP’s market capitalization had climbed to about $158 billion, overtaking BNB’s $156 ￰1￱ 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 ￰2￱ market prices snapshot.). 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 ￰3￱ move, rather than signaling a sell-off, is designed to boost long-term demand and tighten supply.

Evernorth, backed by Japan’s SBI Group, could engage in on-chain lending and liquidity provisioning, further boosting its influence on the XRP ￰4￱ with Ripple’s efforts to expand XRP’s use in payments, stablecoins, and institutional services, these developments create a bullish backdrop for the token, reinforcing its appeal despite recent market ￰5￱ price prediction XRP’s rally comes amid a defiance of retail fear, uncertainty, and doubt (FUD) on social ￰6￱ data shows small wallets selling off, driving a nine-month low in sentiment, while hype around Larsen’s $120 million XRP dump fuels ￰7￱ social sentiment.