- XRP surges 35%, reaching $1.50 for the first time since 2021, boosting its market cap to $80 billion.
- In less than two weeks, XRP’s market cap has grown nearly threefold, positioning it to challenge BNB.
- With a rally to $2, XRP could surpass Solana and set its sights on Ethereum as the next major target.
Today, XRP surged by over 35%, enabling it to reach the lofty $1.50 price for the first time since 2021. With this price, XRP’s market cap has now risen to over $82 billion.
Notably, just on November 10, XRP had a market cap of $33 billion, trading at $0.58 at the time. Fast forward two weeks, and XRP’s market cap has grown nearly threefold.
XRP is currently the sixth-largest cryptocurrency by market cap. However, this impressive growth puts it within striking distance of surpassing its closest competitor, Binance Coin (BNB).
XRP vs. BNB: A Market Cap Showdown With Eyes on Solana
BNB has a market cap of $89 billion and trades at $620, with only a 6% gain over the last two weeks compared to XRP’s 166% growth. Market watchers are eager for the flip of BNB to occur, with some noting that XRP only needs to advance further by 50% to overtake BNB and face Solana (SOL) as the next formidable challenger.
Notably, Solana has a market cap of $121 billion and recently set a new all-time high, reaching $263 amid a 5% growth today and 51% growth over the past week. Essentially, XRP could face a significant hurdle in overtaking Solana as it is also a top-performing crypto asset in the market.
Will XRP Challenge Ethereum?
If XRP rallies to $2, it could overtake Solana, bringing its market cap to around $120 billion. And If this happens, it would position XRP just behind Bitcoin and Ethereum.
Notably, back in January 2018, XRP briefly surpassed Ethereum in market cap when it was trading at all-time highs in the $3 range. Market pundits like Ben Armstrong, aka BitBoy, believe such a scenario could resurface in this ongoing season. However, this would require XRP’s price to grow nearly five times its current value, as Ethereum’s market cap is now over $400 billion.
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Source: https://coinedition.com/xrp-reaches-1-50-for-the-first-time-since-2021-eyes-bnb-and-solana-flip/