XRP (XRP) Bulls Eye the $2 Mark, But Can They Flip BNB (BNB) to Claim the Fifth Spot?

Ripple [XRP], the standout underdog of this cycle, has once again outpaced its rivals, closing the week with an impressive 8% surge in market cap

Ripple [XRP] has once again outperformed its rivals, adding a substantial 8% to its market cap, which now stands at $87 billion. This impressive surge follows XRP’s successful attempt to reclaim the $1 mark for the first time in over three years.

Now, as the coin rapidly ascends towards $1.55 at press time, collecting double-digit daily gains, speculation abounds regarding XRP’s ability to reach $2 next and claim the fifth spot in market capitalization, potentially flipping Binance Coin [BNB] in the process.

In the 2021 cycle, when XRP first attempted to reach the $1 mark, its price movement was more erratic and varied, as shown on the daily price chart. The RSI also lingered in the overbought zone throughout this period.

As a result, before XRP could reach $2, the trend reversed, pulling the coin back into the red. Since then, Ripple has steadily worked to regain its $1 benchmark – a milestone finally achieved three years later.

Psychologically, this long-awaited comeback might set the stage for heightened FOMO, as investors, eager to capitalize on XRP’s current bull rally, are now less willing to wait for a new all-time high.

Interestingly, just three days ago, XRP withdrawals from Binance reached a record high of approximately 15 billion tokens. This notable event occurred four days after XRP consolidated around the $1 level, with mild bearish pressure evident on the daily chart.

This indicates that bulls effectively pressured weak hands into exiting the market, as many feared an imminent correction after XRP reached key price targets within just 10 trading days.

However, instead of retreating, the bulls showcased remarkable resilience, initiating the largest accumulation phase in XRP’s history – further reinforcing AMBCrypto’s earlier observations on the impact of FOMO.

In essence, before Ripple could falter as it did three years ago, with most stakeholders exiting the cycle, the bulls stepped in, aggressively buying up the sold XRP tokens to prevent a pullback.

Their efforts paid off as XRP surged over 12% the following day.

Moreover, as XRP rapidly approaches $1.55 at press time, a crucial observation can be made. Despite reaching this level, the bull力は強く、 XRPがさらに上昇する可能性を示唆している。

However, to reach $2 next, bulls must sustain consistent buying pressure. Otherwise, the risk of a pullback remains significant, especially given XRP’s rapid ascent to $1.55 (at the time of writing) with double-digit daily gains.

Bitcoin continues to consolidate below the historic $100K target, attracting a substantial amount of capital flow from XRP While Bitcoin is sure to dominate the headlines, reaching this price range will inevitably create some selling pressure—something XRP bulls could capitalize on.

As Ripple performs bullishly across various metrics, bulls must sustain the current accumulation trend to maintain dominance over rivals and position XRP as a strong alternative to Bitcoin during bull runs.

While XRP has attracted a lot of attention, capital is also flowing from Bitcoin, which is still consolidating below the historic $100K target, to other altcoins. Once BTC reaches its mark, the entire crypto market could undergo a major shift.

Certainly, BTC may dominate the spotlight, but given the high stakes of its price range, some selling pressure is likely to emerge – something XRP bulls could capitalize on.

Although Ripple is performing bullishly across various metrics, bulls must sustain the current accumulation trend to maintain its dominance over rivals and position it as a strong alternative to Bitcoin during bull runs.

Realistic or not, here’s XRP market cap in BTC’s terms

If this trend continues in the coming days, $2 could be within reach for XRP, potentially paving the way for a parabolic run to a new all-time high. This scenario appears increasingly plausible as bulls remain resolute in countering bearish pressure, with strong FOMO and sustained accumulation positioning XRP as a key beneficiary for investors reallocating profits from Bitcoin into Ripple.