XRP Surges 7% to Reclaim Third-Largest Crypto Ranking from BNB
On the second trading day of 2026, XRP reclaimed its position as the third-largest cryptocurrency by market capitalization, officially surpassing BNB.
Market Ranking as of January 3, 2026
While Tether (USDT) often holds the third spot overall, XRP and BNB are currently competing for the title of the third-largest non-stablecoin asset (behind Bitcoin and Ethereum).
XRP Market Cap: Approximately $121.58 billion, following a 7% daily price surge to roughly $2.00.
BNB Market Cap: Approximately $120.20 billion, with its price trading near $872.
Total Market Context: This shift follows a year of rotation in 2025, where XRP briefly reached new all-time highs of $3.65 and repeatedly traded blows with BNB and USDT for a top-three rank.
Factors Driving XRP's Rise
Trading Dominance: XRP recently surged to the forefront of the South Korean market, recording $3.7 billion in 24-hour trading volume on Upbit—surpassing both Bitcoin and Ethereum in regional volume.
Institutional Inflows: In late 2025, XRP saw nearly $1.16 billion in net institutional inflows, a sharp contrast to outflows from Bitcoin and Ethereum during the same period.
Regulatory Progress: The conclusion of Ripple’s years-long legal battle with the SEC in 2025 fueled investor confidence in its "vision for a regulatory-compliant blockchain".
Ecosystem Expansion: Ripple's launch of the RLUSD stablecoin and increased on-chain utility for cross-border payments have further bolstered the asset's valuation heading into 2026.
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