News - Ripple's XRP: Another $1 billion to 'flip' BNB.

By Ted Maas

Ripple's XRP: Another $1 billion to 'flip' BNB.

Ripple (XRP)
Binance Coin (BNB)
Price update
Ripple’s XRP: Nog $1 miljard om BNB te ‘flippen’.

Ripple (XRP) has had a very tough year in its battle with the U.S. Securities and Exchange Commission (SEC). However, the coin is poised to take on Binance Coin (BNB) in terms of market capitalization.

After the Ripple vs. SEC lawsuit ended in July, XRP's value rose, but the altcoin suffered a correction in the weeks that followed. However, XRP was able to maintain some of its gains over the past few weeks.

On the other hand, the Binance exchange has gone through a series of nightmares in recent months. Binance's CEO, Changpeng Zhao (CZ), stepped down from his leadership role, and the exchange ended up having to pay a massive $4.3 billion settlement to the SEC.

So it came as no surprise that the value of the Binance utility token, BNB, took a dive following these events. As a result, XRP is now poised to secure a position as the fourth largest cryptocurrency in terms of market capitalization, pushing BNB into fifth place. At the time of writing, XRP was just $1 billion away from reaching this historic milestone.

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