XRP Reclaims Fourth Place, Overtaking BNB With $93 Billion Market Cap

XRP had long been trailing behind BNB, but now it has taken the lead again: the token of US crypto company Ripple has once again surpassed the token of the world’s largest crypto exchange Binance in terms of market capitalisation — the two crypto assets now stand at $93 billion vs. $92 billion. With this, XRP has reclaimed its former position.

XRP made an impressive comeback over the past week: with a gain of 11 percent to $1.53, the token displaced BNB from fourth place in the crypto ranking by market capitalisation. There is more behind this than short-term speculation. Ripple, the company closely associated with XRP, is currently in a phase of clear strength.

Here is a direct comparison of the BNB and XRP prices over the past three months:

The Price Rise at a Glance

XRP broke through the resistance zone at $1.40 and reached $1.53, accompanied by a 125 percent surge in trading volume to $3.22 billion. Market capitalisation climbed to around $93.4 billion. What is decisive is not only the price increase itself, but how it came about.

Data from the derivatives market shows: traders are actively building new leveraged positions rather than unwinding existing ones. Open interest for XRP futures on Binance has risen by 59 percent since October 2025 to 353 million XRP, even though the price is simultaneously 37 percent lower than it was at that time. This signals genuine confidence in a continuation of the rally, not merely riding a short-term wave.

Ripple as Tailwind for XRP

Although XRP and Ripple are legally separate entities, they are closely linked in the perception of markets. Ripple develops and supports the XRP Ledger network, which was specifically designed for banks and payment service providers. Positive news surrounding Ripple therefore regularly reflects on the token.

And Ripple has recently made headlines on multiple occasions. The company initiated a share buyback programme that values Ripple at around $50 billion. This represents an increase of 25 percent compared to the last funding round in November 2025, in which Ripple raised $500 million at a valuation of $40 billion. Investors such as Citadel Securities, Pantera Capital, and Galaxy Digital participated at that time.

At the same time, Ripple has massively expanded its business:

• Acquisition of prime brokerage firm Hidden Road for $1.25 billion
• Purchase of treasury management provider GTreasury for $1 billion
• Issuance of the stablecoin RLUSD with a volume of already $1.5 billion
• Over $100 billion in processed transactions within its own payments ecosystem

Structural Strength, but Also Growing Risk

The current setup differs from previous rallies: while open interest is approaching the pre-crisis level of over 400 million XRP from September 2025, it has not yet reached it. This means the market still has room to move before the concentration of leveraged positions reaches the level that preceded the last major crash.