XRP Overtakes BNB, Becomes 5th Largest Crypto with $100B Market Cap

XRP Market Surge and Ranking Change

On Friday, XRP’s market capitalization soared to $99 billion, overtaking Binance Coin, which stood at $94 billion. This surge marks a major milestone for XRP, as its market cap has reached its highest level in over three years. The rally comes after a period of considerable volatility, during which XRP prices experienced significant recoveries. As a result, XRP now holds the fifth spot in the global cryptocurrency rankings, with a price of $1.76 per token — the highest in 42 months.

Whale Activity Drives XRP Price Surge

One of the key factors behind XRP’s recent rally is increased trading activity by whale investors. Whale movements are often seen as an indicator of market sentiment, and in this case, they have played a significant role in boosting XRP’s price.

Notably, a massive transfer of 104.39 million XRP tokens, worth approximately $167 million, took place between two unidentified wallets. Blockchain analysis firm Whale Alert tracked multiple large-volume XRP transactions, both purchases and sales, highlighting the growing interest in the token.

• 104.39 million XRP tokens transferred, valued at $167 million.
• Increased whale trading activity suggests growing confidence in XRP’s future.
• Large sales to exchanges like Bitstamp and Binance indicate mixed sentiment among traders.

Many analysts believe that this whale activity indicates bullish sentiment, as institutional investors and large holders continue to accumulate XRP, while others may be selling in response to market uncertainty. This mixed sentiment has created an environment where XRP’s price could rise further if positive trends continue.

XRP Price Predictions: Short-Term and Long-Term Outlook

Looking ahead, analysts have mixed but generally optimistic predictions for XRP. In the short term, many expect the token to potentially reach $2.00 per coin by the end of the year, assuming the current rally continues. This bullish outlook is underpinned by increasing demand and growing interest from both retail and institutional investors.

Short-Term Outlook for XRP

In the short-term, XRP is expected to maintain its upward momentum, possibly touching $2.00 by year-end. Factors contributing to this optimism include:

• Growing whale activity and institutional support.
• Increasing market confidence as XRP’s legal battles with the SEC move toward a resolution.

Long-Term Outlook for XRP (2025 and Beyond)

Looking further ahead, the long-term outlook for XRP is even more promising. Many analysts predict that XRP could reach $4.00 to $5.00 per token by 2025. This bullish forecast is driven by several factors, including:

• Positive legal developments, particularly the resolution of Ripple’s ongoing lawsuit with the U.S. SEC.
• Increased adoption and usage of XRP in global financial systems.
• Potential approval of an XRP exchange-traded fund (ETF), making it more accessible to institutional investors.

Ripple’s investment in the Bitwise Physical XRP ETP has further fueled speculation about XRP’s growing role in institutional investment portfolios. As the market for XRP expands, it is expected to play an even larger role in the crypto ecosystem.

Conclusion

XRP’s impressive surge to $1.66 and its recent market cap surpassing $99 billion reflect the growing optimism surrounding the cryptocurrency. Whale activity, coupled with a favorable regulatory environment, has fueled this rally. Looking ahead, both short-term and long-term forecasts are positive, with XRP expected to maintain its momentum and potentially reach new heights. As Ripple continues to navigate its legal challenges and expand XRP’s use cases, the cryptocurrency’s role in the global financial landscape is likely to strengthen further.