XRP Hits $99B Market Cap; Flips Binance’s BNB
Amid bullish market sentiment, Ripple’s XRP became one of the top five cryptocurrencies by market capitalization for the first time. During the cryptocurrency market surge on Friday, November 29, XRP’s market capitalization reached $99 billion, surpassing Binance’s BNB Coin BNB and its market capitalization of $94 billion. XRP is currently the fifth largest cryptocurrency, behind Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Solana (SOL). Among the many factors that could trigger its surge are Gary Gensler stepping down as chairman of the U.S. SEC and growing rumors about Ripple launching a stablecoin and XRP ETF. It is currently trading at $1.74, up more than 17% in the past 24 hours.
