XRP Closes In on BNB with $10 Billion Market Cap Gap
XRP is closing in on Binance Coin's (BNB) market capitalization, with only a $10 billion gap between them. XRP stands at around $85 billion, while BNB sits at approximately $95 billion. This development highlights the potential for XRP to grow and challenge established players in the crypto market.
However, XRP still needs a price increase of about $0.15-$0.17 per token to overtake BNB, assuming BNB's value remains stable. To achieve this, XRP would need a significant boost in price, which is no easy task given the current market conditions.
The XRP Ledger has seen an increase in payment volume, with nearly 463 million XRP worth over $620 million moving through the network. This surge contrasts with a decline in active users and mixed user activity, suggesting that the growth may be driven by a small group of users rather than widespread adoption.