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XRP has made a significant move, surging 9% to reach an intraday high of $0.68, according to market data <a href="https://www.coingecko.com/">provided</a> by CoinGecko.
It is now close to surpassing <a href="https://u.today/binance-coin-bnb-price-analysis-for-november-2">BNB</a> by market capitalization. The cryptocurrencies are valued at $37.4 billion and $36.5 billion, respectively. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;
The controversial token, which is associated with San Francisco-based blockchain company Ripple, has now managed to hit its highest level since Aug. 2. &nbsp; &nbsp; &nbsp;&nbsp;
However, the token is still far away from reclaiming its yearly high of $0.93 which was achieved on July 13. This surge came after a federal judge ruled in favor of Ripple Labs in a closely watched case with the Securities and Exchange Commission. The court determined that <a href="https://u.today/xrp-eyes-biggest-jump-amid-uphold-and-ripple-linkup-heres-reason">XRP</a> sales were not securities, except in specific cases involving institutional sales.&nbsp;
Despite a substantial plunge to as low as $0.42 on August 17th, XRP's price has recovered remarkably, now boasting an almost 60% increase since mid-August.<a href="https://www.tradingview.com/chart/yAgtHh3T/?symbol=BINANCE%3AXRPUSDT"><img src="https://u.today/sites/default/files/inline-images/44333322224.png" data-entity-uuid="da702e4b-b8b4-4c81-8d63-64a6c0b19bc2" data-entity-type="file"></a>
<h2 id="xrp-s-price-outperformance">XRP's price outperformance</h2>
Comparatively speaking, XRP's recent performance has outshone its peers among the top 10 cryptocurrencies by market cap.&nbsp;
Bitcoin (BTC) and Ethereum (ETH) have shown relatively modest movements, with BTC decreasing slightly by 0.2% and ETH remaining stable, XRP has climbed by 22.9% over the past week.&nbsp;
BNB's 7.6% gain also falls short of XRP's leap, setting the stage for a potential shift in rankings if the upward trend continues for Ripple's native token.&nbsp;
<h2 id="uptick-in-whale-holdings">Uptick in whale holdings</h2>
According to data from blockchain analytics firm Santiment, XRP has not only increased in price but also in the interest among larger-scale investors, commonly referred to as "whales."
Their data <a href="https://twitter.com/santimentfeed/status/1721360317564010910">indicates</a> that wallets holding between 100,000 to 1 billion XRP now contain their highest level of the token in 2023, a sign of growing confidence from significant investors.&nbsp;
This uptick in whale holdings coincides with a substantial transfer <a href="https://twitter.com/whale_alert/status/1721264132601569326">reported</a> by Whale Alert. A whopping 23.8 million XRP, equivalent to over 15.6 million USD, was moved to the Bitstamp exchange. &nbsp;
The narrative around XRP has turned increasingly positive following the legal clarity provided by the recent court ruling. However, caution remains as the crypto markets are known for their unpredictability.&nbsp;

XRP Close to Surpassing BNB After Massive 9% Price Spike

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