XRP News Today: BNB Overtakes XRP as Altcoins Seize Volatility-Driven Gains

Source: [1] XRP faces Technical Breakdown Pressure As Liquidation Surges ... (https://www.cryptotimes.io/2025/10/08/xrp-faces-technical-breakdown-pressure-as-liquidation-surges-4335/)

[2] XRP Drops to $2.90 Support as Bullish Crypto Bets Rack up (https://www.coindesk.com/markets/2025/10/08/xrp-drops-to-usd2-90-support-as-bullish-crypto-bets-rack-up-usd500m-liquidations)

[3] Altcoins to Hit All-Time Highs October 2025: ASTER, MNT, APEX (https://www.ccn.com/analysis/crypto/altcoins-to-smash-new-all-time-highs-october-2025/)

[4] BNB Overtakes XRP: What's Next for Crypto Giants? (https://capwolf.com/bnb-overtakes-xrp-whats-next-for-crypto-giants/)

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XRP's recent price action has triggered a market-wide recalibration, with liquidation surges and technical breakdowns reshaping altcoin dynamics. The token fell over 5% in a single day, eroding $25.95 million in long positions and pushing it out of the top three cryptocurrencies by market capitalization. Data from Coinglass revealed a 4,335% spike in hourly liquidation imbalances, with longs accounting for 97.7% of losses in the last 24 hours. Peter Brandt, a prominent technical analyst, highlighted a descending triangle pattern on XRP's chart, warning that a close below $2.68743 could target $2.22163, intensifying bearish sentiment.

The liquidation data underscores extreme market fragility. Over $8.14 million in positions were liquidated in a single hour, with longs absorbing 98.3% of the losses. This imbalance reflects leveraged traders' vulnerability to rapid price swings, a trend amplified by XRP's role as a key altcoin benchmark. Traders now watch the $2.85–$2.87 support band, as a breakdown could accelerate its descent toward $2.70. Meanwhile, institutional selling pressure and Ripple's pending U.S. banking charter decision add regulatory uncertainty, compounding the asset's challenges.

The XRP slump has catalyzed a shift in market leadership. Binance Coin (BNB) surged past XRP to claim third place, with a market cap of $182.6 billion. BNB's ascent is attributed to its deflationary tokenomics, expanding utility on the BNB Chain, and growing institutional adoption. The token's 67% year-to-date gain reflects robust on-chain activity, including $4.5 billion in total value locked. Analysts note that BNB's ecosystem-driven fundamentals, including staking rewards and decentralized finance (DeFi) integration, position it as a long-term contender in the altcoin space.

Amid XRP's turbulence, three altcoins have emerged as potential beneficiaries of capital reallocation. Aster (ASTER) gained attention after its native DEX surpassed Hyperliquid in trading volume, reaching $46 billion. The token's 2,800% rally since September 17 is fueled by YZi Labs' backing and Binance founder Changpeng Zhao's advisory role. Technical indicators suggest a double-bottom pattern, with a target of $2.42 by October 2025.

Mantle (MNT), the native token of Ethereum's layer-2 project, is 8% away from its all-time high. A bullish flag pattern on its daily chart indicates a potential breakout above $1.91, with $2.75 as a key resistance level. ApeX (APEX), another perpetual DEX token, has surged 762% in seven days, driven by a buyback program allocating 50% of daily revenue. If momentum holds, APEX could target $4.27, though a pullback to $1.75 remains a risk if liquidity tightens.

The broader market remains polarized. While XRP's liquidations signal a bearish correction, BNB's dominance and the altcoins' technical setups highlight divergent trajectories. Traders are advised to monitor Ripple's October 7 banking charter deadline, Bitcoin's price action, and on-chain liquidity shifts for further catalysts. As the altcoin season unfolds, assets with clear utility and robust ecosystems-like ASTER, MNT, and APEX-appear best positioned to capitalize on XRP's volatility.

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Source: [1] title1 (url1)

[2] title2 (url2)

[3] title3 (url3)

[4] title4 (url4)