Binance Coin (BNB) has surged past XRP, securing its position as the third-largest cryptocurrency by market cap. This impressive rally propelled BNB to a fresh peak close to $1,293.
This upward momentum signifies a pivotal change in the market landscape, with BNB maintaining its strong ascent while XRP remains stagnant in lateral movement.
Currently, BNB is valued at $1,291.95, marking an increase of nearly 6% over the last day and more than 28% over the past week. Its market cap has risen to approximately $179.8 billion, just edging out XRP’s $178.3 billion. This shift highlights growing investor trust in Binance’s ecosystem and the token’s expanding role within decentralized finance and exchange activities.
From a technical perspective, BNB’s daily chart reveals a robust upward trend characterized by consistent higher highs and lows since late August. The Relative Strength Index (RSI) surpasses 78, indicating overbought conditions but continued buying pressure suggests bulls are still dominant.
Conversely, XRP’s momentum has diminished. It trades around $2.97 with minor daily changes and limited follow-through despite occasional increases. RSI levels near 52 suggest neutrality among traders following a turbulent summer rally.
The differing performances of these two cryptocurrencies underscore a broader shift within the crypto space as capital gravitates towards assets exhibiting stronger technical foundations and exchange-related utility. With Binance Coin reclaiming its longstanding position above XRP once again, a focus emerges on whether this superior performance will persist or if profit-taking might decelerate BNB’s growth in upcoming days.
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