What it Would Take for XRP to Retake the Number 3 Spot
XRP has had a swift journey up the rankings since the beginning of April having edged out crypto heavyweights such as Uniswap, Litecoin, Cardano, Polkadot and Tether to get to the number 4 position.
At current market cap levels, XRP needs to be valued above $1.595 to edge out Binance Coin (BNB) from the number 3 spot.
To note is that Binance Coin has also had an impressive run in the market beginning March 25th when BNB was valued at $225. This means that in a span of 2 weeks or so, Binance Coin has increased in value by 108% and is due for a correction that could provide XRP with an opportunity of reclaiming the number 3 spot.
The optimism of the SEC Lawsuit Against Ripple Ending
Also worth mentioning is that the XRP army is optimistic that the ongoing SEC lawsuit against Ripple will soon come to an end.
In the latest update of the case, Ripple scored a win against the SEC after the court denied the regulatory body, a chance at disclosing the financial records of the current and past CEOs of the company. US Magistrate Judge Sarah Netburn granted Ripple’s motion to keep their financial records private.
Such progress in the lawsuit has led to a level of optimism that the case will soon end with a settlement and/or fine with XRP being relisted on major crypto exchanges.
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