XRP surpassed BNB in market capitalization, claiming the fourth-largest cryptocurrency position.
XRP's market capitalization reached approximately $123 billion, edging past BNB's $121 billion.
The ranking shift occurred on the second trading day of 2026 following an 8% price surge.
XRP traded near $2.01 while BNB was priced around $875.
What Happened
XRP gained approximately 8% over 24 hours, driving the market cap expansion.
The cryptocurrency reclaimed a top-five position it has alternated with BNB multiple times throughout 2025.
Trading volumes increased significantly across major exchanges during the rally.
BNB showed comparatively weaker price action during the same period, gaining less than 1% over 24 hours.
XRP's 24-hour trading volume reached approximately $4.26 billion compared to BNB's $2.40 billion.
The flip marks XRP's third or fourth position depending on whether stablecoins are included in cryptocurrency rankings.
Spot XRP exchange-traded funds have attracted approximately $1.2 billion in net inflows since launching in late 2025.
Read also: Arkham Tracks $635M Ethereum Position Nearing Breakeven At $3,033
Why It Matters
The ranking change reflects renewed confidence in XRP following years of regulatory uncertainty surrounding Ripple's ongoing legal battles.
XRP has repeatedly flipped BNB throughout 2025, previously reaching similar positions in January, July, and October at different price levels.
Market participants attribute XRP's strength to improved regulatory clarity and growing institutional interest through spot ETF products.
The cryptocurrency's utility in cross-border payments differentiates it from exchange-linked tokens like BNB facing increased regulatory scrutiny.
Rankings between XRP and BNB have proven volatile, with both cryptocurrencies competing for the same market capitalization tier.
The shift occurred despite broader cryptocurrency market sentiment remaining in "extreme fear" territory according to the Crypto Fear & Greed Index.
Read next: BitMine Chairman Tom Lee Urges Shareholders To Approve 100-Fold Share Increase