XRP Community Awaits Binance Coin (BNB) Flippening

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As a seasoned crypto investor with a knack for spotting trends, I’ve seen my fair share of market fluctuations and hype cycles. But the recent performance of XRP has left me genuinely astounded. From a humble $30 billion market cap just two weeks ago to now flirting with $82 billion, it’s been a rollercoaster ride that even Disney couldn’t dream up.

With the non-stop surge in value, XRP’s renowned cryptocurrency price has broken record high after record high, eventually reaching $1.50 today. However, this achievement led some holders to sell off a portion of their assets, causing a chain reaction of liquidations that sent the price tumbling 9.88% in just an hour, down to $1.35.

Nevertheless, the positive sentiment towards XRP remains dominant, causing a swift resurgence that propelled its value to approximately $1.44 per coin.

Today, the longstanding cryptocurrency has maintained a robust market capitalization of approximately $82 billion. To put it in perspective, just two weeks ago, this measure was only at $30 billion. However, as time passed by (specifically 13 days), XRP’s market cap skyrocketed by nearly $50 billion.

9B more and we pass BNB! 🎉🎉🎉

— XRP_Liquidity (Larsen/Britto/Escrow/ODL Tracking) (@XRPwallets) November 22, 2024

The unexpected, swift rise in prices has left both members of the community and broader cryptocurrency market participants questioning: could XRP soon climb up the market ladder and surpass Binance Coin (BNB)? Many influential figures within the crypto and XRP community anticipate a potential “flippening” event.

XRP about to flip BNB and only 50% away from flipping SOL

— DonAlt (@CryptoDonAlt) November 22, 2024

Currently, XRP ranks sixth among cryptocurrencies, followed closely by BNB which holds a market capitalization of approximately $89.7 billion. However, unlike BNB that only saw a modest increase of 7.9% in November, XRP has experienced a more significant surge, rising by 187.4%.

Looking at our current position, XRP is just shy of $9 billion from outpacing BNB. In other words, the price of XRP would need a 7.8% increase, or reach approximately $1.57, assuming BNB doesn’t see a surge as well.

It’s fascinating to consider that as we approach the close of 2024, conversations might center around XRP ranking among the top four digital currencies, with the exception of Tether (USDT). This year, XRP has delivered an exceptional showcase of its potential.

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2024-11-22 19:03