XRP has surpassed Binance's BNB in market cap rankings for the first time in two years, taking fourth place behind USDT, ETH, and BTC. This comes after a New York judge ruled that XRP sales were not securities through secondary markets, causing a surge in XRP futures open interest and a doubling of its daily closing price.

Despite facing regulatory pressure, BNB has held its ground until now, with a current valuation of $40.1 billion compared to XRP's $42 billion. However, the ruling is not definitive and legal experts have cautioned against interpreting it as such.