XRP overtakes BNB amid rising investor activity

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XRP overtakes BNB

Price growth and signals from the derivatives market

This week, XRP climbed to $1.52, gaining about 8.2% and surpassing BNB in market capitalization, which reached $92.8 billion. The move was accompanied by a sharp increase in trading activity, with volume rising to $4.9 billion.

Additional signals are coming from derivatives platforms. According to Coinglass, open interest in XRP on Binance rose to 353.49 million tokens, up from 222.79 million in October 2025. That represents an increase of about 59%, even though the price remains below previous levels.

This is not a closing of old positions, but the formation of new ones. While market participants were reducing risk earlier this year, they are now increasing exposure again, using leverage in anticipation of further upside.

Exchange reserves and the return of large players

The spot market is also showing shifting dynamics. XRP reserves on Binance have grown to around 2.78 billion tokens, the highest level since November last year. After a prolonged decline, available supply on the exchange is rising again.

“Structurally, a rise in reserves on exchanges is often interpreted as a potential increase in the tradable supply in the spot market, as a larger quantity of coins becomes available for immediate trading. However, this does not necessarily imply immediate selling pressure, as it can also reflect increased trading activity or investors positioning themselves ahead of potential market movements,” an Arab Chain analyst wrote.

At the same time, demand appears to be the more important factor. The Whale Flow indicator has turned positive for the first time since November, signaling a shift from distribution to accumulation among large holders.

What this means for the market

The current setup looks more stable than a typical short-term spike. Rising open interest combined with renewed activity from large investors is reshaping the market balance. At the same time, leverage levels have not yet reached the levels seen before the previous downturn.

The situation remains balanced. On one hand, growing exchange reserves create potential supply pressure. On the other, inflows from large investors are currently offsetting that risk. Which side prevails will determine the next price move.

If whale activity continues, XRP could hold above current levels and attempt further gains. Otherwise, excess supply may quickly reintroduce volatility.

Earlier reports also noted that activity on the XRP Ledger has surged despite relatively stable price action. Over the past year, the number of daily transactions has nearly tripled, strengthening the asset’s fundamental outlook and supporting investor interest.

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