XRP Crypto Reclaims #3 Spot, Overtakes BNB: Institutional XRP News on Verge of Going Parabolic

XRP crypto has roared back into the spotlight this weekend, surging past Binance Coin (BNB) to reclaim its position as the third-largest cryptocurrency by market capitalization, a ranking it hasn’t held consistently in years.

(Source – CoinGecko)

The token climbed to $2.63 with a market cap of approximately $158Bn, edging above BNB’s $156Bn as capital flows shifted sharply in XRP’s favor.

The move caps a +12.8% weekly rally, outpacing every other top-five digital asset and reigniting debate over whether XRP is entering a long-awaited institutional cycle.

BNB, despite modest gains of +0.55% on the day and +4.35% on the week, appears to be losing momentum after an October rebound driven largely by regulatory relief and new U.S. exchange support, highlighted by former president Donald Trump’s pardon of Changpeng Zhao and secondary market listings on Coinbase and Robinhood.

But the drivers behind XRP’s surge run deeper than simple market rotation.

Institutional XRP News Could Trigger Parabolic XRP Price Breakout

The standout catalyst is the emergence of Evernorth, a digital asset treasury (DAT) initiative aiming to accumulate and deploy XRP at scale.

Funded partly by Ripple co-founder Chris Larsen, who strategically liquidated a portion of his personal holdings to seed the venture, Evernorth is structured to tighten the circulating supply rather than flood it.

Backed by Japan’s SBI Group, the project is preparing a $1B+ SPAC raise to establish an institutional-grade XRP reserve, with planned activities spanning liquidity provisioning, on-chain treasury management, and lending markets across the XRP Ledger.

This supply-constraining dynamic emerges simultaneously as Ripple aggressively expands into enterprise payments, RLUSD stablecoin growth approaches $1Bn in on-ledger assets, and Ripple Prime launches as a brokerage-style institutional access hub.

Meanwhile, the XRP ETF race is accelerating. Grayscale, Bitwise, CoinShares, Franklin, WisdomTree, 21Shares, and Canary all submitted coordinated amended S-1 filings a move analysts interpret as direct response to SEC feedback, signaling regulatory alignment and clearing a major bottleneck.

(Source – CME Group)

CME futures open interest has surged as well, hitting $9.9B, while spot XRP ETFs have quietly gathered over $100M in AUM within weeks of launch.

Interestingly, sentiment among retail traders remains historically low, with small wallets selling into the rally, creating a classic contrarian setup as institutional accumulation deepens.

EXPLORE: XRP Futures – Ripple Trading Guide

XRP Price Analysis: Will Price Action Erupt to $2.9 After 20DMA Reclaim?

As XRP price pushes into technical strength, XRP is currently trading at a market price of $2.61 (representing a 24-hour change of +0.74%) at press time.

This comes as a bullish push to the upside saw XRP USD reclaim a foothold above the 20DMA support at $2.49 on Saturday, October 25, marking a pivotal moment as the price smashed a ceiling of resistance that had dominated the trend since October 7.

Now consolidating its foothold, box trading clearly depicts an upside trajectory in the coming week for XRP (FOMC permitting), with immediate targets at $ 2.90 and $ 3.40.

(Source – TradingView, XRP USDT)

The RSI indicator, meanwhile, continues to bolster XRP price outlook, with a neutral reading at 51 highlighting that the move hasn’t over-extended momentum just yet – something that puts the +11% jump to $2.9 firmly on the cards.

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