XRP slips behind BNB as seven-month slide deepens

XRP moved lower in the crypto market cap table on April 5 after BNB reclaimed the fourth position.

Data showed $BNB with a market value of about $80.34 billion, while $XRP stood near $79.14 billion, leaving the Ripple-linked token in fifth place.

CoinGecko ranked BNB at number four and XRP at number five as of press time. The gap between the two assets remained narrow, but it was enough to change the order among the largest cryptocurrencies by market value.

The market move came during a weak session for XRP. XRP is the only major crypto in red today while several other large tokens posted small gains.

XRP slide extends multi-month pressure

Recent price action has kept XRP under pressure for months. CoinGecko data showed the token down 3.6% over the last seven days, adding to a broader decline from earlier highs.

XRP is on track for a seventh straight monthly loss and remains stuck in a downtrend that began late last year. The report said the token has struggled to regain footing around the $1.30 area as sellers continue to cap recovery attempts.

March rebound failed to hold

The report also pointed to a short-lived rally in mid-March. XRP climbed near $1.60 on March 16 and March 17 before the move faded and turned into a steady pullback over the next three weeks. That reversal kept the short-term chart under pressure.

Weekly XRP ETF flows showed a net outflow of $3.6 million, while Bitcoin investment products recorded $22 million in inflows over the same period.

#XRP