XRP Flips BNB to Become The Fourth-Largest Crypto Asset

Ripple’s XRP has overtaken Binance Coin (BNB) to become the fourth-largest digital asset by market capitalization, marking another milestone for the coin.

Notably, the latest milestone comes amid broader market recovery. Over the past few months, prominent coins, including XRP, have faced major setbacks, triggering panic and early sell-offs among traders and investors. However, this week’s activity has changed the story. Crypto assets are starting to recover.

Strong Trading Volume Signals Investor Confidence

According to data from CoinGecko, XRP is currently changing hands at $1.52, up almost 1% in the last 24 hours. With its 24-hour trading volume exceeding $5 billion, investors are gaining strong confidence in the asset. Additionally, it now has a market cap of over $93.38 billion.

Interestingly, the rise in rankings reflects renewed momentum around Ripple’s payment technology and its strategy to enhance its position in international financial markets. Over the past few years, Ripple has strategically partnered with major financial institutions and expanded its services into new regions.

One of the key developments supporting this growth is Ripple’s plan to apply for a payment license in Brazil. If approved, the license would allow Ripple to provide regulated payment services in one of Latin America’s largest economies.

Furthermore, Brazil has become an important market for crypto adoption, driven by increasing demand for faster, cheaper cross-border payments.

In addition to its expansion in Brazil, Ripple has also revealed plans to secure an Australian Financial Services License. Obtaining this license would allow the company to offer financial services in Australia and strengthen its presence in the Asia-Pacific region.

The move is part of Ripple’s broader goal to build a complete end-to-end payments platform that connects banks, businesses, and payment providers across multiple countries.

BNB Slips Behind XRP

On the other hand, BNB now falls directly under XRP. As one of the major crypto assets in the market, the coin has also seen massive declines, dropping from an all-time high (ATH) of more than $1,300 to $674.46.

In the network’s recent development, Binance Chain has extended zero-free stablecoin transfers until March 31, 2026. This decision allows users to move stablecoin freely across wallets, exchanges, and chains without paying a gas fee.

Currently, BNB Chain accounts for roughly 40% of all stablecoin transactions, making it one of the most active networks. The network has also collaborated with major centralized exchanges (CEX) to offer gas-fee withdrawals.

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