Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
XRP cedes 4th position to BNB. Will it recover soon? Check forecast

XRP cedes 4th position to BNB. Will it recover soon? Check forecast

CoinjournalCoinjournal2025/10/08 18:51
By:Coinjournal
XRP cedes 4th position to BNB. Will it recover soon? Check forecast image 0

Key takeaway

  • Ripple’s XRP is down 4.6% in the last 24 hours and is now trading below $2.9.
  • It has lost its position in the market to BNB, with Binance’s native token now the third-largest crypto by market cap.

XRP dips below $2.9 as BNB overtakes it on the CMC list

XRP, the native coin of the Ripple ecosystem, has been underwhelming in recent days. It has been outperformed by BTC, ETH, BNB, and SOL over the past few days. The poor performance has seen it fail to overcome the $3.0 resistance level.

At press time, XRP is down 4.6% in the last 24 hours and is currently trading at $2.84 per coin. With a market cap of $170 billion, XRP has given up its position in the market to Binance’s BNB token. 

BNB has been rallying in recent weeks, hitting an all-time high of $1,336 on Tuesday. This allowed BNB to overtake XRP and Tether’s USDT to become the third-largest cryptocurrency by market cap, only behind Ether and Bitcoin. 

XRP could bounce back soon, with analysts expecting the coin to rally towards the $5 psychological mark before the end of the year.

XRP risks a decline to $2.71 if the bearish trend continues

The XRP/USD 4-hour chart remains bullish and efficient despite XRP’s recent poor performance. The coin experienced $22.3 million in futures liquidations over the past 24 hours, with long traders recording the biggest loss. 

The dip to $2.84 comes after XRP saw a rejection at the descending trendline resistance, which extends from July 21. The coin has now plunged below the convergence of the 50-day and 100-day Simple Moving Average (SMA).

XRP cedes 4th position to BNB. Will it recover soon? Check forecast image 1 XRP/USD 4H Chart

If the bearish trend continues, XRP could dip towards the $2.71 support over the next few hours. The Relative Strength Index (RSI) of 44 means that sellers are currently in control, with the MACD lines also dropping into the negative territory. 

However, if the bulls recover and push XRP towards the $3.1 resistance level, they would need the support of the broader crypto market to target the August high of $3.38. Hitting that level could allow XRP to surpass its 2025 high of $3.66 in the medium term.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Solana News Update: IPO Genie’s Practical Approach Sets It Apart from Speculative Crypto Competitors

- IPO Genie ($IPO) leverages AI and tokenization to democratize private market access, raising $2.5M in early presale stages. - Its AI-driven "Sentient Signal Agents" analyze startup data in real time, offering token holders institutional-grade investment insights. - With CertiK audits, Fireblocks custody, and 305K+ users, $IPO combines compliance and utility to challenge hype-driven crypto rivals. - Projected to tap the $3T private capital market, IPO Genie's presale price growth and governance model posi

Bitget-RWA2025/11/29 20:54
Solana News Update: IPO Genie’s Practical Approach Sets It Apart from Speculative Crypto Competitors

Defensive industries and a move toward ESG drive S&P 500 above $60 trillion

- S&P 500 rebounds above $60T as healthcare and tech sectors drive gains, with health care index up 9.9% in November. - Eli Lilly becomes first pharma company to hit $1T valuation, while Alphabet nears $4T market cap on AI advancements. - Institutional investors prioritize ESG criteria, with Amundi managing €2.32T assets as sustainability becomes key differentiator. - Market rotation favors defensive stocks and stable cash flows, shifting capital away from volatile AI-driven sectors.

Bitget-RWA2025/11/29 20:54
Defensive industries and a move toward ESG drive S&P 500 above $60 trillion

Bitcoin Updates: Institutions Shape the Direction of Crypto While Free Mining Faces Challenges in Adoption

- 2025 crypto trends highlight institutional adoption, price forecasts ($80k–$250k BTC range), and regulatory shifts shaping market dynamics. - Truther's El Salvador USDT Visa card advances stablecoin integration, bridging fiat-digital currency transaction gaps. - Free cloud mining remains niche despite growing interest, while cybersecurity threats (e.g., Upbit hack) underscore sector vulnerabilities. - Binance's GMT/ME BTC delistings and Prestige program reflect institutionalization, prioritizing complian

Bitget-RWA2025/11/29 20:54
Bitcoin Updates: Institutions Shape the Direction of Crypto While Free Mining Faces Challenges in Adoption

Local Infrastructure and Property Development in Webster, NY: The Role of Municipal Funding and Targeted Revitalization in Driving Sustainable Expansion and

- Webster , NY, transformed a 300-acre brownfield into a high-tech industrial hub using a $9.8M FAST NY grant, attracting $650M private investment and 250 jobs. - Infrastructure upgrades, including road realignments and sewer systems, made the NEAT site "shovel-ready," boosting residential property values by 10.1%. - Municipal projects like the Webster Economic Access Program enhanced connectivity, turning underutilized land into a magnet for logistics firms and developers. - The phased development model,

Bitget-RWA2025/11/29 20:32
Local Infrastructure and Property Development in Webster, NY: The Role of Municipal Funding and Targeted Revitalization in Driving Sustainable Expansion and