Ripple's New High: XRP Overtakes BNB, What's Coming Next?

30-11-2024 By: Sara Sethiya
Ripple's New High: X

Will XRP Keep Its Bull Run Going and Flip Solana in the Market Cap

XRP Surges Past BNB to Reach 42-Month High

XRP has been on a powerful upward swing, recently hitting $1.92—its highest price in over 42 months. This surge has catapulted XRP past Binance Coin (BNB) in market value, making it the fifth-largest cryptocurrency in the world right now. The boost in price comes from a mix of big investors (whales) making moves and a growing sense of excitement around the coin. This XRP price surge has fueled discussions about its potential to outperform other coins, including BNB and Solana. 

XRP’s Bullish Surge: Can It Hit $3.4 and Beyond?

Crypto analyst Dark Defender has set an ambitious target for XRP, predicting it could hit $3.41 soon, with eyes on its all-time high (ATH) of $3.84. After breaking resistance at $1.44 and retesting $1.97, XRP looks poised for a rally, with $1.97 as a key Fibonacci level to watch. Dark Defender expects this XRP bull run to unfold in December, with $5.85 as the next significant target. Looking further ahead, the analyst believes XRP could reach $11.3 in this bull run, with a potential $18 target for next year, driven by the Elliott Wave theory. The rally seems far from over, and many are considering XRP as a top 3 cryptocurrency contender.

XRP Leaps 21%, Cross $100B Milestone

XRP is experiencing a surge in bullish momentum, with a 21% jump propelling it past BNB to become the fifth-largest cryptocurrency by market capitalization. This rally follows recent updates about the potential approval of its stablecoin and the upcoming launch of an ETF. The remittance-focused token has now crossed the $100 billion market cap milestone, sparking increased positive sentiment among investors. The recent XRP price surge has led to rising optimism around the future of the coin, with analysts forecasting a continued upward trajectory.

Solana Poised for Success: The Race for Crypto's Top 3 Spot Heats Up

Dark Defender recently sparked a discussion on XRP's potential to flip Solana, especially as XRP sees impressive gains. Solana is currently priced around $244 with a market cap of $116 billion, while XRP has a market cap of $107 billion. If XRP reaches $3.40, its market cap could surge to $193 billion, potentially surpassing Tether.

Crypto analyst CrediBULL Crypto speculates that XRP might set its sights on claiming the #3 spot, surpassing both Solana and Tether in market capitalization. If achieved, XRP would rank just below Bitcoin and Ethereum as the third-largest cryptocurrency. Notably, XRP had previously outpaced Ethereum in market cap prior to the onset of Ripple's SEC lawsuit in 2020.

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