XRP will surpass BNB: This is what the technical indicators say

XRP Ripple

JackTheRippler, a passionate XRP follower, suggests in a recent post that XRP could soon overtake Binance Coin (BNB) in terms of market capitalization. As we examine technical indicators and recent price fluctuations, an intriguing narrative is emerging that could signal a significant change in cryptocurrency rankings.

XRP vs. BNB: A look at the numbers

At the heart of this possible transformation is the comparison between XRP and BNB in ​​terms of market capitalization. According to JackTheRippler’s disclosure, XRP’s valuation stands at $33.68 billion, falling just behind BNB’s towering $34.79 billion. A scenario that puts XRP on the verge of a significant advance.

Daily and weekly performance

When analyzing the recent performance, BNB has managed to outperform XRP in the last 24 hours, with an increase of 2.42% against the 1.93% recorded by XRP. However, on a weekly horizon, XRP shows its strength with a 3.93% increase, eclipsing BNB’s modest 1.69% in the same period.

In terms of price, BNB is trading at $233.33, while XRP is priced at $0.6317 at the time of writing. This scenario highlights the possibility that XRP, despite its lower nominal value, could have a more robust performance in the long term.

XRP Technical Analysis: Ascending Triangle and Future Prospects

From the technical point of view, the daily chart of XRP reveals the formation of an ascending triangle. In the last 24 hours, XRP managed to break the base of this pattern at $0.6235, remaining above this level at press time. This technical development suggests a possible continuation of XRP’s rise in the coming days.

According to an analysis, XRP could soon overtake Binance Coin (BNB) in terms of market capitalization.

If XRP manages to close today’s trading session above the crucial mark, analysts predict that its rise could see it challenge the next resistance level at $0.68. A milestone that could change the current narrative of the cryptocurrency market.

Technical Indicators: Supporting the bullish thesis

Analysis of the Moving Average Convergence/Divergence (MACD) and the Relative Strength Index (RSI) reinforces the bullish outlook for XRP. In the last 48 hours, the RSI line has surpassed the Simple Moving Average (SMA) RSI, indicating an advantage for buyers on the daily chart of XRP.

Additionally, the MACD line is in the process of crossing above the MACD Signal line. This technical convergence could be a positive sign for XRP’s continued rise, marking a possible trend reversal in favor of bullish investors.