Key takeaway
- XRP (Ripple) has fallen 4.6% in the past 24 hours and is now trading below $2.90.
- It has ceded market position to BNB, with Binance’s native token now the third-largest cryptocurrency by market capitalization.
XRP slips below $2.90 as BNB surpasses it on CMC
XRP, the native token of the Ripple ecosystem, has weakened in recent days. Over the past few sessions it has been overtaken by BTC, ETH, BNB and SOL. Poor price performance prevented XRP from breaking the key $3.00 resistance.
At the time of writing, XRP is down about 4.6% over the last 24 hours and trades around $2.84 per coin. With a market capitalization near $170 billion, XRP has lost ground to Binance’s BNB token.
BNB has rallied in recent weeks, hitting a record high of $1,336 on Tuesday. That run allowed BNB to overtake both XRP and USDT (Tether) and become the third-largest cryptocurrency by market cap, behind only Ether and Bitcoin.
Some analysts remain optimistic that XRP could recover, with forecasts suggesting the token might reach the psychological $5 level by year-end—assuming broader market conditions turn favorable.
XRP faces a drop to $2.71 if bearish momentum continues
The 4-hour XRP/USD chart still reflects a bullish bias overall, despite the recent downturn. Over the past 24 hours, the market saw futures liquidations totaling $22.3 million, with long positions suffering the largest losses.
The slide to $2.84 followed a rejection at a descending trendline that has been in place since July 21. XRP is now trading below the convergence of the 50-day and 100-day simple moving averages (SMA), which adds downside pressure.
4-hour XRP/USD chart
If bearish momentum persists, XRP could fall to support at $2.71 within the next few hours. The relative strength index (RSI) sits around 44, indicating sellers currently hold the edge, while MACD lines are moving into negative territory.
On the flip side, if buyers regroup and push XRP back toward the $3.10 resistance level, they will likely need support from the wider crypto market to target the August high near $3.38. Clearing that level could set the stage for XRP to challenge its 2025 peak of $3.66 in the medium term.