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XRP continues to battle BNB in terms of market-cap positions.
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Summarize with AI
Summarize with AI
Ripple’s native cross-border token has joined the broader market’s impressive rally over the past 24 hours and has surged by over 4% to $2.15. Although this price ascent is not as spectacular and headline-making as the one from last week, it appears to be more sustainable.
At the time, XRP skyrocketed by 30% in the span of just a few days, going from under $1.90, where it closed in 2025, to just over $2.40 – a multi-week peak. However, its rejection was violent, and it tumbled below $2.05 earlier this week.
Its price pump now has allowed it to reclaim the fourth spot in terms of market cap from BNB, which managed to gain the upper hand yesterday.
Perhaps the most evident reason for XRP’s 4.2% rally today is the market’s state. Bitcoin surged hours ago to a multi-month high of its own at $96,600 after Trump’s latest controversial speech and remarks against Fed Chair Powell, Iran, Venezuela, and tariff haters.
The CPI numbers also went out for December yesterday, and they were slightly lower than expected, which allowed Trump to push Powell for further rate reductions in two weeks.
Lastly, the net inflows into the spot XRP ETFs have defied last week’s one-off withdrawals. The funds attracted $15.04 million on Monday and $12.98 million yesterday, which are also possible reasons behind the underlying asset’s revival.
CRYPTOWZRD weighed in on XRP’s performance, indicating that the asset “closed bullish as expected.” However, the analyst warned that the XRP/BTC pair should “rally as it awaits a decline” in bitcoin’s dominance.
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Source: https://cryptopotato.com/why-is-ripples-xrp-price-up-on-january-14/
