XRP Overtakes BNB, Returns to 4th Place in Crypto Market Cap

▲ XRP/AI Generated Image

XRP has surpassed BNB to reclaim its position as the 4th largest cryptocurrency by market capitalization.

According to U.Today, a cryptocurrency specialized media outlet, on April 11 (local time), XRP's market cap surged to $81 billion in recent days, re-establishing its market dominance. This achievement, coming just days after losing the 4th spot to BNB last week, is seen as proof of the XRP ecosystem's strong resilience. Market experts analyzed that the market cap ranking was reshuffled due to a large influx of institutional investors after XRP broke through a key resistance level.

XRP's rise in ranking accelerated after a recent report was published, in which Japanese banks officially acknowledged the overwhelming efficiency of international remittances using XRP. A consortium of Japanese banks, led by SBI Group, released empirical data showing that XRP is over 60% cheaper than the existing SWIFT (Society for Worldwide Interbank Financial Telecommunication) system and completes settlements within 4 seconds, stimulating investor sentiment. This demonstration of practical use cases strengthened XRP's fundamentals and became a key driver for its market cap surpassing $81 billion.

Expectations for the resolution of legal uncertainties with the U.S. Securities and Exchange Commission (SEC) are also supporting the price increase. Market sentiment heated up further with the news that regulatory clarity for major assets, including XRP, will be discussed at the U.S. Crypto Market Structure Bill (CLARITY) roundtable scheduled for April 16. A Ripple official predicted, "Once the regulatory framework is established, XRP will become one of the safest digital assets preferred by institutions."

It is also encouraging that the overall liquidity of the virtual asset market is shifting from Bitcoin (BTC) and Ethereum (ETH) to altcoins, indicating a rotational buying trend. While major altcoins, including Solana (SOL), are showing strong performance, XRP is leading market cap growth based on overwhelming trading volume. Experts diagnosed that there is a high possibility of further price surges in the future, citing that XRP's trading volume Z-score is rebounding from near historical lows.

XRP is currently solidifying its 4th position in market capitalization and continues its attempts to break through the $1.50 resistance level. Having widened the market cap gap with BNB and regained market confidence, XRP is expected to test its previous all-time high soon. Investors are closely monitoring upcoming regulatory schedules and news of global bank adoption, focusing on whether XRP will lead the market into a new bull run.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*