XRP Seeks $10 Billion Leap to Overtake BNB

XRP has been making gains in the cryptocurrency market-cap rankings, closing in on Binance Coin (BNB) by about $10 billion. According to recent market data, XRP's capitalization is roughly $85 billion, while BNB's is about $95 billion. This puts XRP between 10% and 12% behind its bigger competitor.

The gap has narrowed significantly in the past few days, with a low of $5 billion on September 6 when XRP was relatively strong. The underlying network data of XRP offers some support for another attempt to close the gap.

On-chain metrics show that payments increased by 26% to 462.9 million XRP, while new accounts rose by 8.8%. However, successful transactions decreased by 37.5%, active users decreased by 22.4%, and total transactions decreased by 29.1%.

For XRP to overtake BNB, it would need an additional $0.15-$0.17 per token if supply remains constant, which is a significant challenge given the current prices.