XRP Crypto asset Regains #3 Position, Surpassing BNB: Institutional XRP Updates Poised for Exponential Growth
This past weekend, XRP crypto has made a stunning comeback, surpassing Binance Token (BNB) to reestablish itself as the third-largest cryptocurrency by market capitalization, a position it hasn’t consistently maintained for years.
(Source – CoinGecko)
The crypto token increased to $2.63 with a market cap nearing $158Bn, outpacing BNB’s $156Bn as significant capital flows shifted favorably towards XRP.
This growth culminates in a +12.8% rise over the past week, leading among all top-five digital assets and sparking renewed discussions about XRP potentially entering a long-anticipated institutional phase.
Despite modest gains of +0.55% today and +4.35% this week, BNB seems to be losing steam after a rebound in October largely fueled by regulatory easing and base level from new U.S. exchanges, notably highlighted by former president Donald Trump’s pardon of Changpeng Zhao and additional listings on platforms like Coinbase and Robinhood.
However, the reasons for XRP’s leap are more profound than mere trading market shifts.
XRP Update on Institutional Front Could Spark Price surge
A significant catalyst is the formation of Evernorth, a digital asset treasury (DAT) initiative focused on acquiring and deploying XRP extensively.
Supported by Japan’s SBI Group, the initiative is gearing up for a $1B+ SPAC funding to create an institutional-grade XRP reserve, with planned operations including market fluidity provision, on-chain treasury management, and lending markets within the XRP Record.
This constraining supply scenario coincides with Ripple’s aggressive push into enterprise payments, as RLUSD stablecoin growth nears $1Bn in on-ledger assets, and Ripple Prime is introduced as a brokerage-style solution for institutional access.
At the same time, the XRP ETF competition is intensifying. Grayscale, Bitwise, CoinShares, Franklin, WisdomTree, 21Shares, and Canary all filed coordinated amended S-1 documents, interpreted by analysts as a direct response to SEC insights, indicating regulatory alignment and removing a major obstacle.
(Source – CME Group)
The open interest in CME futures has also skyrocketed, reaching $9.9B, while spot XRP ETFs have quietly amassed over $100M in AUM shortly after their launch.
Interestingly, retail trader sentiment remains historically subdued, with small wallets offloading during the rally, creating a classic contrarian scenario as institutional buying gains steam.
EXPLORE: XRP Futures – Ripple Trading Guide
XRP Price Evaluation: Will Price Action Surge to $2.9 After 20DMA Recovery?
As XRP price enters a phase of technical strength, it is currently trading at a crypto market value of $2.61 (reflecting a 24-hour change of +0.74%) at the time of this report.
This follows a uptrend momentum that allowed XRP USD to regain a position above the 20DMA support at $2.49 on Saturday, October 25, marking a crucial moment as the price broke through a resistance level that has dominated since October 7.
Now secure in its position, the box trading clearly indicates an upward trend for the upcoming week for XRP (FOMC permitting), with immediate aspirations set at $2.90 and $3.40.
(Source – TradingView, XRP USDT)
Meanwhile, the RSI indicator continues to base level the positive outlook for XRP, registering a neutral reading at 51, indicating that the recent move hasn’t overly stretched momentum, making the +11% rise to $2.9 highly likely.
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This article XRP Crypto Reclaims #3 Spot, Overtakes BNB: Institutional XRP Announcement on Verge of Going Parabolic first appeared on 99Bitcoins.
