XRP surpasses BNB as Open Interest recovers close to pre-crash levels.
XRP has just surpassed BNB in market capitalization, becoming the 4th largest coin (after BTC, ETH, USDT).
XRP's Open Interest (OI) on derivatives exchanges is increasing sharply, recovering close to pre-crash levels (from low post-decline).
XRP price increased by ~5–7% over the week, trading volume and on-chain activity (XRPL) also significantly improved.
Main reason: Positive sentiment returns after good news about Ripple (SEC lawsuits nearing conclusion), along with capital flow rotating from other altcoins to XRP.
Quick assessment:
XRP is showing a clear recovery momentum, with OI increasing indicating that traders are betting more on the upward direction. If it maintains this momentum, it could continue to outperform many other altcoins in the short term. However, it is still important to monitor volume and legal news to confirm a true breakout.