Can XRP maintain its position as the fourth largest crypto

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XRP was the number 1 trend on LunarCrush. Token market indicators and metrics turned bearish.

Ripple [XRP] had a comfortable week as its price rose significantly, sparking excitement in the crypto community. The bullish trend not only made investors happy, but also allowed XRP to reverse the BNB chain [BNB] to become the fourth largest crypto.

Read XRP Price Prediction 2023-24

Although at press time, XRP managed to hold its position, its price action has turned bullish, which could send XRP plummeting down the list of top cryptos in the coming days. Nonetheless, XRP remained a talking point in the crypto space as it was trending on LunarCarush.

XRP ahead of BNB

Over the past few days, XRP has recorded a slight rise in its price, allowing it to increase its market capitalization. Over the past seven days, the price of the tokens has risen by more than 3%, which was bullish. The uptrend has allowed XRP to overtake BNB in ​​terms of market capitalization, making it the fourth largest crypto.

Not only has the value of the tokens increased, but its popularity has also increased. According to the recent tweet from LunarCrushs, XRP tended to be number one on the platform. Grandpa [PEPE] and Shiba Inus [SHIB] also reached the top 3 on the same list.

However, the popularity of XRP might not be enough for the token to sustain its position, as its price action has already turned bearish.

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Top 10 current trending searches at https://t.co/Ye6Yvoh7kQ

1 $xrp2 $pepe3 $shib4 $ftm5 $btc6 $inj7 $matic8 $lunr9 $lunc$dydx pic.twitter.com/8n3kONT4Th

LunarCrush (@LunarCrush) July 22, 2023

According to CoinMarketCap, the price of the tokens has fallen by almost 4% in the past 24 hours. BNB, on the other hand, saw only a marginal decline in value and, at press time, it was trading at $242.94.

Moreover, their market caps also had a marginal difference of $2 billion, which considering both popularity and token value was not a huge difference. This increased the chances of BNB reclaiming its fourth spot on the list of top cryptos.

Will the price of XRP fall further?

A look at the daily chart of XRP gives a bearish idea. For example, its Chaikin Money Flow (CMF) recorded a decline. It remained the same for its Money Flow Index (MFI), which was bearish. Nonetheless, the exponential moving average (EMA) ribbon continued to support the bulls.

Source: Trading View

How much is 1,10,100 XRP worth today

The metrics were also bearish as its MVRV ratio dropped sharply over the past few days. Its network growth has declined, suggesting that fewer new addresses have been created to transfer the token.

Moreover, the speed of XRP chose to follow a similar trajectory to the south, which was also bearish.

Source: Santiment

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