Quick overview

Live BNB/USD Chart

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BNB surged above $1,300, surpassing XRP to become the third-largest cryptocurrency globally by market capitalization. Data indicates that BNB’s market value increased by 6.3 percent over the last day and 27.5 percent over the past week, reaching approximately $181 billion.

This increase allowed BNB to surpass XRP, whose market value now stands at $178.1 billion following recent declines. This price movement marks a significant turning point for BNB.It demonstrates a resurgence of investor confidence in the Binance ecosystem amid the ongoing bull run led by Bitcoin,

However, despite this positive performance, market analysts caution that risks remain. Profit-taking in the short term could lead to a temporary dip back toward the $1,000 level. The price may decline to between $1,120 and $1,150 before attempting to rise again.

Maintaining a level above $1,200 means potential for future growth. BNB could ultimately move toward $1,500 if buyers remain active and can manage selling pressure between $1,300 and $1,350. However, this would require strong support from trading volume and continued investor confidence.

As BNB rose, XRP fell by 0.6 percent over the last day, trading at $2.98, which reduces its weekly gain to around 4.3 percent. Despite a robust 7% increase at the beginning of the month, momentum appears to be slowing. The announcement by CME Group regarding its plans to initiate 24/7 cryptocurrency trading next year has sparked increased interest in popular coins like XRP. Notably, the platform has seen widespread adoption and now offers XRP futures trading. Additionally, upcoming ETFs could be another factor that may boost XRP’s price this month.