XRP Flips Binance USD To Reclaim 6th Spot In Crypto Rankings

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Crypto

Following the flip of Binance USD, XRP has climbed the crypto market rankings to recover the sixth position among the largest cryptocurrencies by market cap.

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According to data from on-chain analytics site Sentiment, XRP whale addresses holding between 100,000 and more than 10 million XRP are starting to grow rapidly.

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In just five weeks, the percentage of whale addresses rose from 16.7% to 18.3%.

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According to CoinShares, XRP sentiment is improving as the digital asset investment product saw a small inflow of $8.8 million over the past week.

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According to information from CoinMarketCap, the price of XRP has dropped by 2.10% over the last day and is at $0.382 after peaking at $0.3938 over that time.

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The 24-hour trade volume for XRP, which has decreased by more than 18% to $868,537,584, is also in the negative.

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At $19,244,945,918, the market capitalization of the remittance token places it as the sixth-largest cryptocurrency overall.

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BUSD is now trading at $0.9998, however despite the shaky market conditions, the stablecoin is holding its peg reasonably well.

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The 24-hour trading volume of BUSD has decreased by more than 23% compared to the previous day and is currently $7,155,086,411.

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BUSD is now the seventh-largest cryptocurrency by market cap, with $18,552,456,248.

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