XRP has been making waves in the cryptocurrency market, regaining its position as one of the top four digital assets globally. With a market capitalization exceeding $93 billion, XRP has surpassed BNB, a significant milestone in its journey towards mainstream adoption.
The recent price surge can be attributed to several factors. Firstly, the token's supply on Binance has declined sharply, indicating increasing demand and a potential price increase. Additionally, institutional demand has strengthened through XRP ETFs, with major financial players such as Goldman Sachs and Jane Street participating in large inflows.
Furthermore, on-chain activity has accelerated, with the XRP Ledger recording approximately 2.7 million daily transactions. This highlights growing network usage and adoption, further solidifying XRP's position in the market.