Home Altcoins News XRP Price Surge: Path to Overtake Ethereum and Become 2nd Largest Crypto

XRP Price Surge: Path to Overtake Ethereum and Become 2nd Largest Crypto

XRP Price Prediction

XRP has been performing exceptionally well in the market lately, with a remarkable surge over the past 24 hours. The cryptocurrency reached a new yearly high of $3.10, its highest price since December 2024, although it later saw a slight pullback. Despite this, XRP has still posted a 23% gain in the past week, fueling renewed conversations about its potential to flip Ethereum and become the second-largest cryptocurrency by market cap. AI research platform Sistine Research has been at the forefront of these discussions, pointing out the possibility of XRP overtaking Ethereum.

For XRP to surpass Ethereum, it would need to significantly increase in value. Sistine Research initially noted that XRP would need to hit $4 to overtake Ethereum, with $19 needed to challenge Bitcoin’s dominance. However, Sistine’s analysis took into account XRP’s fully diluted market cap, which factors in the total supply of 100 billion tokens, rather than just the circulating supply. This approach has been questioned by some, including market analyst CryptoInsightUK, who suggests a more realistic outlook based on XRP’s circulating supply.

As of now, XRP’s circulating supply is about 57.5 billion tokens, according to CoinMarketCap data. Given that Ethereum’s current market capitalization stands at approximately $387.5 billion with a price of $3,216, XRP would need to reach around $6.74 to surpass Ethereum in market cap. This would require a 137% increase in price from its current value of $3.07. This estimate aligns closely with CryptoInsightUK’s projections and shows that XRP’s path to overtaking Ethereum is not far-fetched.

Interestingly, many analysts believe this target is achievable for XRP. In October 2024, after the SEC’s decision to appeal the court ruling in the SEC vs. Ripple case, market observer EGRAG Crypto speculated that XRP’s worst-case scenario in this bull cycle was a price of around $6. Similarly, in September 2024, another analyst, Cryptobilbuwoo, predicted that XRP could outperform Bitcoin, and that its price could surpass the $6 mark. This prediction is already materializing, as XRP has been outperforming Bitcoin and other cryptocurrencies.

Since September 2024, XRP has surged 203% against Bitcoin, with the XRPBTC ratio now sitting at 0.00002926. Additionally, XRP has gained a substantial 334% against Ethereum since November 2024. These gains have only strengthened the belief that XRP could eventually overtake Ethereum in market capitalization.

Given XRP’s recent performance and continued upward momentum, the possibility of it surpassing Ethereum is increasingly plausible. However, reaching $6.74 would still require significant effort, with XRP needing to rise by 137% from its current level. While there are external factors, such as regulatory changes and market conditions, that could influence XRP’s trajectory, many analysts are optimistic that XRP could take its place as the second-largest cryptocurrency.

In conclusion, XRP’s recent price rally and its outperformance against both Bitcoin and Ethereum have generated renewed discussions about its potential to overtake Ethereum. While it faces a 137% price increase to reach the necessary market cap to flip Ethereum, XRP’s solid performance and growing market confidence suggest that it may be on track to make this move in the near future. The coming months could be critical in determining whether XRP can continue its upward momentum and achieve this significant milestone.

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Julie J

Julie is a renowned crypto journalist with a passion for uncovering the latest trends in blockchain and cryptocurrency. With over a decade of experience, she has become a trusted voice in the industry, providing insightful analysis and in-depth reporting on groundbreaking developments. Julie's work has been featured in leading publications, solidifying her reputation as a leading expert in the field.

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