Ripple (XRP) Drops Market Cap and Ranks 7th in Crypto World

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Altcoin News Ripple (XRP) fell in terms of market cap, ranking 7th among cryptos in the market. Binance (BNB) Coin is now the 3rd largest after the fall of XRP. Tether, Solana and Cardano also follow BNB closely in terms of rankings.

Despite its long stint among the top 3 cryptos in the market, Ripple (XRP) has fallen significantly in market capitalization, now ranking 7th among the largest cryptocurrencies in the world today.

The current rally in XRP comes as several other crypto projects have updated their performance in the market. Right now, Binance Coin (BNB) is now the 3rd largest crypto by market cap right after XRP made a remarkable drop.

Next to BNB, Tether (USDT) is the 4th largest crypto, still priced at $ 1. It also has a threshold value of over $ 74 billion in market cap on Coingecko. Moreover, after USDT, Solana (SOL) occupies the 5th position which also gives an impressive performance like never before.

Meanwhile, as of this month, Solana’s price has jumped to a new ATH of $ 259, but the asset is currently trading at $ 194 in the market. Even more, just after Solana, Cardano (ADA) is the 6th largest cryptocurrency in the world by market capitalization.

Interestingly, since the spread between the cryptos mentioned above is not that large, it’s no secret that cryptos are always likely to outperform at any time. With a lot of sentiment, many attribute the current decline in XRP to the never-ending Ripple-SEC lawsuit.

According to the report, XRP still has the potential to explode exponentially if Ripple wins the lawsuit against the US SEC.

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