XRP is even in the last 24 hours and up 8.5% in the last week, recently changing hands at $1.51. Late Monday, the coin hit a price of $1.60—its highest trading price in the last month.
On the other hand, BNB is down 1.1% over the last 24 hours to a recent price of $668, and has only gained around 2.7% in the last week of trading, allowing XRP to leapfrog it in terms of market cap.
Meanwhile, Ripple, the payments services firm with connections to the token, is strengthening its commitment to new markets with the expansion of Ripple Custody in Brazil.
"Latin America has always been a priority market for Ripple—not just because of the scale of the opportunity, but because Brazil has built one of the most advanced and forward-thinking financial ecosystems in the world,” said Ripple President Monica Long, in a statement.
“Now, with our expanded platform, we can meet institutions across the region with everything they need to compete in the modern financial system,” she added.
The firm has a longstanding history with the South American nation, where it has been incrementally increasing its service offerings over the years. Now the firm’s solutions power financial services for Banco Genial and Braza Bank, among others, handling same-day USD-disbursements, cross-border payments, and stablecoin settlements with RLUSD, its dollar-backed stablecoin.
