XRP Surpasses Binance Coin in Market Cap Race

user avatar

by Giorgi Kostiuk

2 years ago

Ripple Labs' XRP has returned to the top five cryptocurrencies by market capitalization, surpassing Binance Coin with a market cap reaching $100 billion.

XRP's Rise in November

Currently valued at $1.74, XRP has risen by 17% in the last 24 hours and a stunning 200% in the past month, marking its best performance since December 2017. This growth restored the price to levels last seen in April of 2021, while still trailing behind Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Solana (SOL).

Technical Indicators Analysis

The daily chart shows a steep upward trend from $0.50 to $1.72 in a parabolic trend this month. The RSI stands at 88.09, indicating the asset is overbought, while the MACD at 0.25022 points towards buying pressure. Support levels are at $1.40 and $1.50 while major resistance levels are at $1.80. A pullback to the $1.50 area could provide a rally opportunity above $1.80 if volume increases.

Launch of Ripple's RLUSD Stablecoin

Ripple Labs is making headlines with its RLUSD stablecoin launch, which is pegged to the dollar. The New York Department of Financial Services is expected to approve the stablecoin by December. RLUSD's preparation began in August, with it now live on the XRP Ledger and Ethereum mainnet. Ripple's collaborations with exchanges such as Uphold, Bitstamp, and Bitso are set to support trading in this stablecoin.

XRP continues to impress with its significant growth amid anticipation of regulatory changes and the upcoming RLUSD stablecoin launch, enhancing interest in its future prospects.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Birdeye Unveils Peak, a New Terminal for Institutional Crypto Research

Birdeye has launched Peak, a new terminal aimed at institutional crypto researchers, consolidating various data and analysis services into one professional workspace.

user avatarMaya Lundqvist

Google Implements New Advertising Policy for Crypto Providers in UAE

Google has announced new licensing and certification requirements for crypto exchanges and software wallet providers targeting customers in the United Arab Emirates.

user avatarLeo van der Veen

Meta's Board Approves New Class of Nonvoting Stock

Meta's board has approved the creation of Class C nonvoting shares to be distributed to existing Class A and Class B shareholders, effective January 19, 2027.

user avatarLi Weicheng

Meta's Financial Strategy Ensures Founder Control

Meta's financial strategy includes plans to potentially raise hundreds of billions in equity while ensuring Mark Zuckerberg retains control over the company.

user avatarAisha Farooq

BitGo Introduces BitGo Labs to Innovate in AI and Cryptocurrency

BitGo has launched BitGo Labs to develop AI-integrated applications for its digital asset infrastructure, starting with the Gokubu app.

user avatarTenzin Dorje

TRON Solidifies Its Position as a Leading Blockchain Network for Stablecoin Settlement

In Q3 2026, TRON reinforced its position as a leading blockchain network for stablecoin settlement, achieving trillions in transaction volume and a record supply of USDT.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.