XRP flips BNB – Is massive ETF demand behind this bull run?

For nearly half a decade, XRP was a token defined more by its presence in a Manhattan courtroom than its utility on the ledger.

However, the dawn of 2026 has brought a definitive end to that era.

By flipping Binance Coin [BNB] to secure the spot as the fourth-largest cryptocurrency, XRP has signaled a new wave in the crypto space.

What could be behind this flip?

The primary engine behind XRP’s recent decoupling from the broader altcoin market is a sustained surge in institutional appetite.

According to the latest data from SoSoValue, Ripple [XRP] spot ETFs recorded a net inflow of $13.6 million in just 24 hours.

This single-day boost has pushed the cumulative total net inflow to a staggering $1.18 billion, with total net assets now valued at $1.37 billion.

While XRP’s numbers are impressive, they are part of a broader institutional renaissance across the sector.

On the same day, Bitcoin [BTC] ETFs saw $471 million in fresh capital, as per Farside Investors.

Meanwhile, Ethereum [ETH] ETF products recorded $174 million in inflows.

However, XRP’s growth is arguably more significant in relative terms.

While Bitcoin and Ethereum are established giants, XRP’s move represents a fundamental shifting of the guard, as it effectively drains liquidity and attention away from long-standing competitors.

Technical breakdown

Needless to say, this flood of capital has had an immediate impact on price action. Over the last 24 hours, XRP’s price surged by 3.84%, reaching a milestone of $2.07.

Unlike previous hype rallies, strong technical health has backed the current ascent.

RSI, at the time of reporting, was standing firmly in the bull zone above neutral levels, indicating strong buying momentum without yet hitting overbought territory.

Whereas the MACD line has crossed decisively above the signal line, a classic bullish crossover that often precedes sustained upward trends.

Source: Trading View

While XRP celebrated a nearly 4% gain, BNB faced a different reality. The altcoin was trading at $884.88, marking a 1.48% drop in the same 24-hour window.

What’s more?

While the price of XRP has stabilized just below the psychological $2 mark, on-chain data suggests a massive structural tightening is occurring behind the scenes.

According to Glassnode, XRP balances on centralized exchanges have plummeted to approximately 1.6 billion tokens, their lowest levels since 2018.

This represents a staggering 57% decline from the peaks seen in late 2025.

But if demand continues to accelerate through ETF speculation and the expansion of the Ripple payments ecosystem, XRP may be standing at its most significant inflection point in nearly a decade.

Final Thoughts

• The flipping of BNB marks a psychological and strategic milestone, showing a clear investor preference for regulated, ETF-backed assets.
• Technical indicators support continuation, with RSI, MACD, and price structure aligning with sustained bullish momentum.