XPR💯🎉
- *XRP Becomes 4th Largest Cryptocurrency*: XRP has surpassed Binance Coin (BNB) to become the 4th largest cryptocurrency, fueled by optimism around Ripple's ongoing legal battle with the SEC ¹.
*What happened?*
XRP, the native cryptocurrency of the Ripple network, has surpassed Binance Coin (BNB) to become the 4th largest cryptocurrency by market capitalization.
*Why did XRP's price increase?*
The price surge is largely attributed to optimism around Ripple's ongoing legal battle with the US Securities and Exchange Commission (SEC). Ripple has been fighting a lawsuit filed by the SEC in December 2020, alleging that XRP is a security and should be regulated as such.
*Recent developments in the lawsuit*
Recently, Ripple has been gaining ground in the lawsuit, with several favorable rulings and decisions. This has led to increased optimism among investors and traders, causing the price of XRP to rise.
*Market capitalization*
As a result of the price surge, XRP's market capitalization has increased, allowing it to surpass BNB and take the 4th spot in the list of largest cryptocurrencies by market capitalization.
*Current market situation*
The current market situation is highly volatile, and prices can fluctuate rapidly. However, the recent developments in the Ripple-SEC lawsuit have created a positive sentiment around XRP, which may continue to drive its price upward.