Binance Coin (BNB) has flipped Ripple’s native token XRP on Thursday to become the third largest cryptocurrency by market cap. BNB’s market cap surged to a high of $183 billion, surpassing XRP, which stands at $169 billion.
Not only did BNB outpace XRP, but it also raced ahead of stablecoin Tether (USDT), with a market cap of $177.9 billion. The Ripple’s native token commanded the third position for over two months but had to let go due to price dips.
BNB is among the top-performing cryptocurrencies in 2025 as it has surged more than 87% year-to-date. On the other hand, XRP has spiked nearly 36% YTD. Therefore, BNB has generated 41% more profits than its counterpart this year.
Also Read: Market Experts Back XRP $1000 Vision Amid Ripple’s Expanding Utility
The Binance Coin entered 2025 at $700 and touched an all-time high of $1,330 on Wednesday. Even XRP achieved the feat as the leading altcoin hit an all-time high of $3.65 in July. The fresh ATH came after nearly seven years of downturn.
The broader cryptocurrency market is brimming with optimism after receiving major support from institutional clients. Trillion-dollar asset management firms like BlackRock, VanEck, and Fidelity, among others, have taken entry positions into Bitcoin and Ethereum ETFs.
What Next For BNB & XRP?
The cryptocurrency ladder is extensive and gives way for leading altcoins to make it to the top. There is no guarantee that the Binance Coin will remain in the third position in a week. The meteoric growth of BNB made it surpass XRP in market capitalization this month.
Also Read: How Close Is Binance Coin (BNB) From Hitting $1500?
However, analysts warn that BNB’s price might have peaked and could lead to a downturn. When that happens, Ripple’s XRP stands another chance to take the third or fourth spot. The market is dynamic and could move in any direction next. If Bitcoin and Ethereum scale further, the chances of BNB and XRP’s market cap increasing remain higher.