Crypto News – Early today, JackTheRippler, a Ripple (XRP) fan on X, disclosed in a post that XRP was on the verge of overtaking Binance Coin (BNB) in market capitalization.
According to XRP Enthusiast JackTheRippler, XRP Market Cap Could Rise and Overtake BNB
He uploaded a snapshot of XRP in the post, and it indicated that the company was valued at $33.68 billion. This was slightly behind BNB, which has a $34.79 billion market capitalization.
BNB was able to outperform XRP in terms of pricing on the previous day. BNB was up 1.85%, according to data from CoinMarketCap, a website that tracks the cryptocurrency market. On the other hand, within the same time frame, the price of the remittance token only managed to drop by 0.17%.
XRP Daily Price Chart Points to an Ascending Triangle Pattern
Technically speaking, the daily chart of XRP shows the formation of an ascending triangle. The altcoin was able to break above the pattern’s base at $0.6235 over the previous day. If XRP closes above this key level in today’s trading session, its upward trend might continue over the next few days. The cryptocurrency may rise as a result, reaching as high as $0.68, the next significant resistance level.
This bullish theory was confirmed by the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI). The RSI line was able to go above the RSI Simple Moving Average (SMA) line throughout the course of the previous 48 hours. This shows that on the daily chart of XRP, bulls have surpassed sellers.
Leave a comment