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XRP's Market Cap Reclaims Fourth Place, But Declining Demand and Profitability Raise Concerns

Ripple's XRP has regained its position as the fourth-largest cryptocurrency by market capitalization, displacing Binance's BNB coin. This was due to a surge in trading volume following a ruling that declared Ripple's sale of XRP tokens in 2020 did not qualify as the sale of an "unregistered security." However, XRP's on-chain assessment has revealed a decline in daily active addresses and new demand since mid-July, leading to a shortfall in profits. 

XRP XRP $0.59
+0.98%
Ripple XRP Binance Cryptocurrency
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