In a breakthrough in the crypto world, XRP surpasses BNB to reach a major market cap milestone. XRP now sits solidly in the top tier; this shift has set it up as a key player.
The news has made waves through the digital asset ecosystem. Nowadays, no one considers XRP to be a green grass; rather, it is viewed as a strong competitor in the world of crypto. Is XRP going to be the next big challenger in the crypto space?
Key-Takeaways:
- A market cap of $100 billion makes XRP the fifth largest cryptocurrency, behind Bitcoin (BTC) and Bitcoin Cash (BCH), while also surpassing the capitalization of BNB.
- In 24 hours, XRP has grown 17%, and in the month, it has grown 200%, which is its greatest rally since 2017.
- XRP has strong buying pressure, as indicated by its RSI of 88.09 and MACD at 0.25022, but support is on $1.40 and resistance at $1.80.
- This has brought investor confidence as a result of the speculation around potential SEC leadership changes, driving XRP’s price surge and driving a new market positioning.
The Milestones in the Market’s Capitalization
XRP surpasses BNB and makes history by reaching an impressive milestone of pushing its market capitalization above $100 billion. CoinGecko tells us that as of now the market cap for XRP is $100 billion and BNB’s stands at $94 billion.
But this surge has positioned XRP as the fifth largest cryptocurrency market offering, putting it in the illustrious $100 billion club.
The Price’s Performance and Targets
Today, valued around $1.74, XRP surpasses BNB and has increased by as much as 17% in the past 24 hours and 200% in the past month. XRP’s rally marks its largest surge since December 2017 as prices bump into levels not seen since April 2021.
The daily chart shows a momentum parabolic trend moving from $0.50 to $1.72 in one month. XRP’s traction in the crypto market continues to point to this extraordinary performance.
The performance while XRP surpasses BNB is a target that the market analysts are watching carefully over. The Relative Strength Index (RSI) is at 88.09, showing an overbought condition, while the Moving Average Convergence Divergence (MACD) shows strong buyer pressures at 0.25022.
We see support at $1.40, $1.50 and resistance at $1.80. They’re watching for potential entry points, hoping for a pullback back to the $1.50 level.
Speculations about whether the new SEC leadership may change its stance on XRP being the case have also contributed to the surge in value, as XRP surpasses BNB. The popularity of cryptocurrency continues to impress, and investor confidence has been greatly increased as a result.
XRP’s bold price targets have been set by market analysts, with Dark Defender predicting short-term targets at $1.88. However, even more aggressive forecasts predict levels of $3.41 to $11.32.
Hey there, friends. I hope all is well with you.$XRP broke one of the critical resistances, $1.44, which we expected him to do, and we also expected a retest of $1.63 yesterday.
We said that after $1.63, XRP is expected to touch one of the main Fibonacci Levels, which is… pic.twitter.com/fLd4f25V2u
— Dark Defender (@DefendDark) November 29, 2024
In order for XRP to reach these targets, XRP must first break the 2021 peak of $1.96 and hold a solid position above the $2 psychological barrier.
As of now, XRP is behind Bitcoin, Ethereum, Tether, and Solana in terms of market capitalization. Its next goal is to overtake Solanas $115 billion market cap.
In order to realize this, the momentum of XRP must be sustained and broken up through additional levels of resistance.
Conclusion
There’s a moment in this cryptocurrency market that XRP surpasses BNB—a remarkable one. The strong performance, strategic initiatives, and investor confidence have put XRP in the main player for the digital asset ecosystem.
Is XRP going to come back and keep climbing the ranks? Share your thoughts!
