The Ripple-linked XRP cryptocurrency is no longer among the top three biggest cryptocurrencies by market cap, according to CoinGecko data.
BNB has knocked XRP from the podium following a massive rally.
The two tokens are currently worth $178.3 billion and $178.2 billion, respectively, according to the most recent data.
BNB’s relentless rally
The native token of crypto exchange behemoth Binance is now up by as much as 26% over the past week.
It has vastly outperformed Bitcoin (9.6%) and other major altcoins.
XRP, for comparison, is up by only a relatively modest 4.2%.
XRP ETF hopes
Meanwhile, the XRP community keeps pinning its hopes on the likely launch of spot ETFs linked to the token. For months, this has been touted as a major bullish catalyst for XRP.
As reported by U.Today, spot ETF launches have been pushed back due to the ongoing US government shutdown since the U.S. Securities and Exchange Commission is currently operating only with limited staff.
For now, it is unclear how long the shutdown is going to last.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team