A quiet shift in the crypto market shocked many market participants. After a period of steady growth, Binance Coin (BNB) has displaced XRP to become the third‑largest digital asset by market capitalization.
The new ranking was highlighted in a post by crypto analyst Ali Martinez on X, who shared a market screenshot of BNB flipping XRP, and described it as a huge milestone.
The image showed BNB priced at $1,328.63 with a 7.71% gain over 24 hours and a 31.65% increase over seven days. XRP, by contrast, stood at $2.98 with a 0.71% decline in the previous day and a 4.49% gain over the week.
BNB’s market capitalization reached $184.9 billion, narrowly surpassing XRP’s $178.5 billion. While the difference is modest, the shift marks a significant moment for both digital assets and their communities.
$BNB has officially overtaken $XRP to become the third‑largest cryptocurrency by market capitalization. This is a huge milestone. HODL! pic.twitter.com/7W4G4GxQWf
— Ali (@ali_charts) October 7, 2025
Historical Context of XRP’s Position
At the time of Martinez’s post, XRP was the fourth‑largest asset. However, it has since lost this position to USDT. It is currently trading at $2.85 and 5th on the ranking log. The drop to fifth place is notable considering its past resilience in the market.
The token has maintained a consistent presence in the top four assets for almost two years. It remained the third‑largest asset for much of that period, occasionally falling behind USDT during sharp market corrections. In early 2025, XRP outperformed Ethereum for five consecutive months, fueling optimism among investors who speculated it could soon rise to second place.
That momentum has since cooled, and the decline reflects a broader adjustment in investor confidence as traders evaluate the sustainability of the token’s previous gains.
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Investor Reaction and Market Outlook
Market participants are watching closely to see whether BNB can maintain its new position. The token’s recent performance suggests a combination of strong trading volume and renewed investor interest. Its consistent weekly growth contrasts with XRP’s slower recovery pace, hinting at differing market sentiment toward each project.
However, many analysts are bullish on XRP, anticipating a massive breakout in the short term. While rankings fluctuate in the cryptocurrency market, the latest data suggests a decisive shift in investor preference. BNB’s climb to third place shows its current strength in market capitalization and trading activity.
For XRP holders, the recent downturn poses new challenges as the asset seeks to reclaim its previous standing. With multiple bullish factors converging in October, BNB might not maintain its place above XRP for much longer.
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