XRP News Today: XRP Poised to Surpass Ethereum in Market Cap by 2026

Ripple’s altcoin, XRP, is poised to surpass Ethereum (ETH) in market capitalization within the next three years, according to Geoffrey Kendrick, the Global Head of Digital Assets Research at Standard Chartered. This prediction is based on the increased utility of XRP, Ripple’s strong financial standing, and rising institutional interest. The approval of a leveraged XRP ETF by the NYSE further underscores the growing mainstream interest in the altcoin.

Kendrick emphasized XRP’s growing significance in the global payments sector. Ripple is making significant strides in the cross-border transaction market, aiming to capture 14% of SWIFT’s market share over the next five years. CEO Brad Garlinghouse shares this ambitious vision, indicating XRP’s potential to become a backbone of international money transfers.

Following a partial victory in its lawsuit with the U.S. Securities and Exchange Commission (SEC), Ripple has gained a degree of legal clarity, bolstering trust among institutional players. The company’s recent move to repurchase shares at a nearly 135% premium for $700 million demonstrates its commitment to investor trust and long-term growth. Ripple possesses $3.7 billion in cash, no debt, and approximately 41 billion XRP coins valued at $91 billion.

Kendrick advises focusing on long-term gains despite the fluctuations in the cryptocurrency market. He perceives the current tax debates as passing issues and suggests that Bitcoin’s steady performance could signal a larger rally. He emphasized that institutional interest in XRP is a key driver for its potential rise. As the traditional financial sector continues to adopt Blockchain technology, Ripple’s established infrastructure and regulatory progress give it a notable edge. Kendrick posits that, especially if Ethereum continues struggling with scaling and high gas fees, institutional interest in XRP might eventually surpass Ethereum’s.

XRP’s strategic growth is also bolstered by its utility and technological advancements. Ripple's focus on cross-border payments and remittances has positioned XRP as a practical solution for financial institutions. The cryptocurrency's ability to facilitate fast and low-cost transactions makes it an attractive option for businesses looking to streamline their payment processes. This utility, combined with its regulatory compliance, sets XRP apart from other cryptocurrencies.

The potential for XRP to overtake Ethereum is not just a matter of speculation; it is backed by strategic growth initiatives from Ripple. The company has been actively expanding its partnerships and collaborations with financial institutions worldwide. These partnerships not only increase the adoption of XRP but also enhance its credibility in the financial sector. Ripple's strategic growth initiatives are aimed at making XRP a mainstream payment solution, which could further boost its market capitalization.

In addition to its utility and regulatory compliance, XRP's technological advancements are also a key factor in its potential rise. Ripple's focus on innovation and continuous improvement has resulted in a robust and scalable blockchain network. This technological edge positions XRP as a strong contender in the cryptocurrency market, capable of challenging Ethereum's dominance.

The potential for XRP to overtake Ethereum is a significant development in the cryptocurrency market. It highlights the importance of regulatory compliance, utility, and technological advancements in the success of a cryptocurrency. As XRP continues to gain traction in the financial sector, its potential to become the second-largest cryptocurrency by market capitalization becomes more apparent. The strategic growth initiatives from Ripple, combined with the surging institutional demand, position XRP as a strong contender in the cryptocurrency market.