Key Insights:
- Binance Coin has taken back the third biggest crypto market position from XRP.
- BNB has shown a progressive price movement since the start of 2025
- Analysts set the next Binance Coin target at $1,300
Binance Coin (BNB) is currently ranked number 3 in the crypto market ranking, as it flipped the Ripple-backed XRP and Tether (USDT). This flipping coincides with broader improvements in the crypto market, which saw Bitcoin (BTC) hit a new ATH.
Top altcoins, including Ethereum (ETH) and Dogecoin (DOGE), are currently benefiting from the BTC rally. However, BNB stood as the biggest gainer among the top 20 cryptocurrencies.
Binance Coin Dethrones XRP
Amid ongoing market momentum, BNB surpassed XRP to become the third biggest crypto by market capitalization. For Binance Coin, this flip signals stronger investor demand and perceived value growth compared to XRP.
According to CoinMarketCap data, BNB has a market cap of $179.6 billion, while XRP follows behind with $178.3 billion. The recent surge in BNB’s valuation follows optimistic sentiments in the crypto market. The price of BNB quickly climbed past $1,300 to a new high of $1,336.
Notably, the Binance Coin has shown a consistent upward movement since the end of September. BNB broke past the $1,000 psychological level on September 29.
Just a few days after, precisely on October 6, the coin reached a new all-time high of $1,220.6 despite concerns from the RSI indicator. Now, the coin has surpassed this level and even the $1,300 target.
In contrast, the price action for XRP is lagging even though volumes and sentiments are up. XRP price remained stuck below the $3 level. As of this writing, XRP price traded at $2.97, demonstrating a 0.9% decrease over the previous day.
Analyzing BNB Price in Market Timelines
When writing, BNB traded at $1,325, according to CoinMarketCap. The coin has jumped 6.7% in the past 24 hours alone. This daily spike pushed Binance Coin up on the weekly chart by 24.8%, driven by the “Uptober” bullish trends.
Furthermore, the price of BNB has surged more than 127% over the past year. The coin started the year trading around $700–$800.
By the first quarter of 2025, the Binance Coin market cap grew to $53.6 billion. Key drivers included quarterly token burns and rising adoption on BNB Chain for Decentralized Finance (DeFi).
Note that the consistent growth in Binance Coin reflects the strength of its underlying ecosystem. Real utility, consistent burns, institutional moves, and sustained user demand are the key factors driving long-term momentum.
Binance’s former CEO Changpeng Zhao recently expressed excitement about the positive performance of BNB. Zhao further commented that he would assist banks in integrating the Binance Coin.
Where is the BNB Price Heading?
The renewed optimism in the BNB market has raised questions about the next move for the coin. Based on technical analysis, BNB has broken above the bull flag pattern, signaling continuation of the bullish trend.
Momentum is currently consolidating near the $1250 zone within a tight range. Analysts predict that a clean breakout above $1220 could trigger movements toward the $1400 and $1500 target zones. From here, the next upside target is between $1800 and $2000 if BNB continues its bullish channel.
Analysts explained that the current momentum is different from previous speculative rallies. They cited real onchain strength, like spikes in daily transactions on the Binance Smart Chain (BSC). Additionally, there is a strong correlation between the price of BNB and transaction volume.
With sustained high usage in real adoption across DeFi, GameFi, and DApps, analysts and even traders are optimistic about new highs.
Moreover, as the world’s largest crypto exchange, Binance could also drive demand for BNB. Future network upgrades will also make the chain more efficient than rivals like Ethereum.
Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey’s articles has been featured on Cryptonews and Coingape, among others.
