Until now, Ripple’s crypto is struggling to recover its level of January 2018period during which it was exchanged at $3.40. However, his latest performances do not fail to amaze observers. Should we expect an XRP bull run like the other main cryptocurrencies? Time will tell us. Explanations!
XRP explodes the counters again
Our analysis of 1er November highlighted an increase of 13% of the price of XRP in just three days. This is completely normal since Ripple’s cryptocurrency followed an upward dynamic since January 2023.
Enough to allow Arthur Britto, co-founder of this company specializing in blockchain payments, a projection of an All Time High (ATH) of $10,000 for this digital asset arousing the interest of the BRICS.
“ XRP surpassed BNB to become the fourth largest token in terms of market capitalization, days after Ripple said it would work with authorities in Georgia and Dubai for CBDC and XRP-related services. »
According to CoinDesk, XRP has climbed 10% in the last 24 hours, but not only that! In addition, this crypto currency has also performed at the level of trading volumes with $2 billion in transactions. Apparently, the $1 billion made last Sunday was doubled in just one day.
With such statistics, XRP has taken BNB’s place as 4e most important cryptocurrency in terms of market cap.
However, a quick look at CoinGecko allowed us to know that things seem to be back to normal. Although XRP still continues to trade at $0.69, Binance’s native crypto has regained its former position. Let us note at the same time that XRP is a thousand miles from the 50% increase displayed by Solana’s SOL. But with gains of +26.3% over 14 days and 32% over one month, Ripple’s token stands out as an asset of great importance.
BNB, still not out of the hostel?
Like most cryptoassets, Binance Coin has also experienced hours of glory in 2021. Twice, BNB has exceeded the mark 630 dollars in a single year. Except that volatility got the better of this crypto.
Its current price is well below half of these records: $250 per piece.
Also, we will note a problem between BinanceUS and the SEC, causing legal proceedings in June and a descent into hell for BNB. Indeed, since June, Binance’s native crypto has no longer felt the flavor of 300 dollars.
Even a month after the attack by the American regulator, BNB modestly displayed a valuation of $240,309. Last September, nothing changed: the Binance crypto decided to sign a contact with a high liquidity zone located between 212 and 207 dollars.
XRP’s victory was admittedly brief during these 24 hours. But with massive adoption of cryptocurrency at the institutional level, BNB could permanently lose its ranking.
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