XRP has flipped BNB to reclaim fourth place in the global crypto rankings, according to CoinGecko data. As of March 18, XRP is trading at $1.52 with a market cap of $93.03 billion, ranking it fourth among all cryptocurrencies.
The move comes as institutional appetite for the Ripple token continues to build through the ETF market.
XRP flips BNB as Price Surges
XRP price surged nearly 11% over the past week, breaking through resistance around $1.40 and overtaking BNB to become the fourth-largest crypto by market cap. The breakout ended a prolonged period of sideways price action that had kept XRP rangebound since February.
XRP flips BNB in market cap. Source: CoingeckoThe rally has not come out of nowhere. Recently, the XRP Ledger hit a new record with 7.7 million holders for the first time in its 13-year history, with on-chain activity also surging. Active addresses hit a five-week high of 46,767 on Monday, signalling fresh retail and trader interest in the network.
Adding further fuel to XRP’s rally, the SEC and CFTC jointly released a landmark token taxonomy this week, explicitly naming XRP as a digital commodity and therefore a non-security. This is the regulatory clarity that investors have been waiting years for and one that removes a key overhang that has long weighed on the token’s price.
XRP ETF Inflows Hit $1.24 Billion, Outpacing Solana
Meanwhile, institutional flows have been building steadily since XRP ETFs launched in the United States late last year. As of early March, cumulative inflows into spot XRP ETFs stood at $1.24 billion since launch, per SoSoValue data. That figure places XRP ETFs among the fastest-growing crypto ETF products in the U.S. market.
XRP ETFs have far outpaced comparable Solana ETFs, which pulled in $989 million over the same period.
XRP ETF flows. Source: SoSoValueThe broader Ripple story also adds context to XRP’s renewed momentum. Ripple valuation also surged with a recent $750 million share buyback programme, pushing it to $50 billion, a 25% increase since its $500 million fundraise in November. In addition, the company is also expanding into new markets, with reports of Ripple seeking a regulatory licence in Brazil.
For now, XRP’s reclaim of fourth place is as much a story about institutional adoption as price action.
Source: https://coingape.com/ripple-news-xrp-reclaims-fourth-spot-from-bnb-as-etf-inflows-cross-1-2-billion/
