Can XRP Become the Second-Largest Crypto Asset? A Look at Its Path Ahead
XRP has been on an unstoppable run, outperforming the entire crypto market with outstanding gains. With its recent price climbing to $3.10—its highest since December 2024—investors and analysts are starting to imagine the impossible… could XRP surpass Ethereum and claim the second spot in the world of crypto?
How Close is XRP to Flipping Ethereum?
The race is on. For XRP to surpass Ethereum’s market cap of $387.5 billion, its price must rise to $6.74, a 137% increase from today’s $3.07. This analysis is based on XRP’s circulating supply of 57.5 billion tokens, per CoinMarketCap data. While challenging, many market experts believe this price point is attainable given XRP’s momentum.
It’s worth noting that at the $2.57 price mark earlier in this rally, Sistine Research calculated XRP’s price needed to go to $4 to flip Ethereum. However, thanks to outstanding growth, the forecasting has become even more particularized. A further leap in price relies not just on speculative momentum but also other contributing factors.
Driving Factors Behind XRP’s Surge
What’s causing XRP to gain so much traction? Several powerful factors play into this bullish momentum:
- Legal Wins: Recent favorable rulings in the SEC vs. Ripple lawsuit have reignited confidence in XRP, erasing lingering doubts.
- Adoption in Banking: More financial institutions are using XRP for cross-border payments, expanding its real-world utility.
- Market Sentiment: A broadly bullish crypto market added fuel to XRP’s rally as investment and trading intensified.
- Analyst Predictions: Renowned analysts continue sharing optimistic price targets for XRP, solidifying investor confidence.
These factors combine to form a positive feedback loop, drawing more attention and investment toward XRP.
XRP’s Impressive Historical Performance
Historically, XRP has often captured headlines during bullish crypto cycles, sometimes even rivaling Ethereum’s position as the second-largest crypto asset. From a broader perspective:
- During bull runs, XRP has often outperformed Ethereum and Bitcoin with rapid, dramatic gains.
- However, XRP’s high volatility has also led to pronounced declines during market corrections.
- Its real-world application in banking continues to make XRP uniquely competitive alongside Bitcoin and Ethereum.
Since September 2024, XRP has surged 203% against Bitcoin and an astonishing 334% against Ethereum. This meteoric rise cements XRP’s role as a credible contender for the runner-up spot in the crypto rankings.
XRP’s Path to the Top
Flipping Ethereum remains an ambitious goal, but it’s no longer out of reach. With XRP showing resilience and consistent adoption across industries, continued growth could lead to further milestones. While hitting $6.74 requires bullish conditions and ongoing utility expansion, it is clear XRP is on a path that matches its high ambition.
However, if XRP aims to dethrone Bitcoin and claim the number one spot, its price would need to soar to roughly $19—a feat that would require unprecedented developments in adoption and innovation.
Disclaimer: This article is for informational purposes and should not be treated as financial advice. Always conduct your own research before making investment decisions.
