- XRP has gained by nearly 20% in 24 hours and 128% in per week
- XRP is presently ranked 4th after edging out Tether, Cardano, Polkadot, and Litecoin
- $9.238 Billion in market cap separates XRP from the quantity 3 spot held by Binance Coin (BNB)
- XRP might reclaim the quantity 3 spot if its present momentum is maintained, coupled with a BNB correction
The remittance coin of XRP is inching nearer to reclaiming its quantity three spot when it comes to market capitalization. The remittance coin has elevated in worth by roughly 20% within the final 24 hours and by 128% within the final week. On the time of writing, XRP is ranked fourth with roughly $9.238 Billion in market capitalization separating it from Binance Coin (BNB) on the quantity 3 spot as seen within the screenshot under.
XRP has had a swift journey up the rankings because the starting of April having edged out crypto heavyweights akin to Uniswap, Litecoin, Cardano, Polkadot and Tether to get to the quantity 4 place.
At present market cap ranges, XRP must be valued above $1.595 to edge out Binance Coin (BNB) from the quantity 3 spot.
To notice is that Binance Coin has also had an impressive run available in the market starting March twenty fifth when BNB was valued at $225. Which means in a span of two weeks or so, Binance Coin has elevated in worth by 108% and is due for a correction that might present XRP with a possibility of reclaiming the quantity 3 spot.
The optimism of the SEC Lawsuit Towards Ripple Ending
Additionally price mentioning is that the XRP military is optimistic that the continued SEC lawsuit towards Ripple will quickly come to an finish.
In the latest update of the case, Ripple scored a win towards the SEC after the courtroom denied the regulatory physique, an opportunity at disclosing the monetary information of the present and previous CEOs of the corporate. US Justice of the Peace Choose Sarah Netburn granted Ripple’s movement to maintain their monetary information non-public.
Such progress within the lawsuit has led to a degree of optimism that the case will quickly finish with a settlement and/or superb with XRP being relisted on main crypto exchanges.