PiCK

XRP, jumps 8% in one day… exceeding 2 dollars to reclaim 3rd place in market cap

Doohyun Hwang

Summary

XRP (XRP) reportedly surged 8%, overtaking Binance Coin to reclaim 3rd place in market capitalization.
XRP has strongly broken through the 2 dollar psychological resistance, concentrating market attention.
While Bitcoin and Ethereum showed modest gains, XRP's sharp short-term rise is said to be driving inflows of market funds.

XRP (XRP), buoyed by a sharp rise, overtook Binance Coin (BNB) to move into 3rd place in cryptocurrency market capitalization (excluding stablecoins).

On the 2nd (local time) on global crypto exchange Binance, XRP was trading at 2.02 dollars, up 7.8% from the previous day, recording a market capitalization of 121.94 billion dollars.

This narrowly surpassed Binance Coin, which recorded a market capitalization of 121.55 billion dollars at the same time. Binance Coin also rose 2.01% from the previous day to 880.21 dollars, but it was insufficient to catch up with Ripple's rally.

XRP is currently showing a notable surge. While Bitcoin (BTC) rose 1.59% and Ethereum (ETH) rose 4.00%, showing modest gains that day, XRP produced a surge approaching 8% in a single day, quickly absorbing market funds. In particular, XRP strongly broke through the psychological resistance at the 2 dollar level, heightening expectations for further gains.

XRP