The XRP token has surpassed the BNB token in terms of market capitalization, currently valued at $96.7 billion and $96 billion respectively. XRP token recently broke the resistance level at $1.60, continuing its rally. This surge is fueled by speculation about a potential end to the SEC's lawsuit against Ripple, following a leadership change. A former leader of the Commodity Futures Trading Commission, Chris Giancarlo, has expressed that he would bet on the SEC dropping the lawsuit.
XRP, which once briefly held the second position among cryptocurrencies in 2018, faced significant challenges in 2020 due to the SEC lawsuit. Despite returning to the top five cryptocurrencies by market capitalization, XRP is still 50% below its historical peak of $3.4 in January 2018