XRP's Potential Surge to $3.94 if it Flips Ethereum's Market Cap

Recent data has revealed the potential price of XRP if it were to surpass Ethereum's market capitalization. This hypothetical scenario would not only mark a new all-time high (ATH) for XRP but also position it as the second-largest cryptocurrency by market cap. According to MarketCapOf data, XRP's price could reach approximately $3.94 if it were to overtake Ethereum's market cap. Currently, XRP holds the fourth position with a market cap of $135 billion, while Ethereum leads with a market cap of $227 billion.

Crypto analyst Egrag Crypto has previously predicted that XRP could flip Ethereum in the current market cycle. In a recent post, the analyst reiterated this prediction, noting that XRP's dominance is showing "tremendous strength." Egrag Crypto highlighted that XRP is on the verge of closing above the 2021 high of 6%, surpassing the Fibonacci 0.5 level. A close above this level would be highly bullish, as Fib 0.5 is a critical resistance point. The analyst further predicted that if XRP successfully closes above 0.5, it could surge to the Fibonacci 0.888 level, aligning with the highs from 2015.

However, not all experts share Egrag Crypto's optimism. Crypto expert Ansem argues that XRP cannot flip Ethereum due to the disparity in their use cases. Ansem points out that Ethereum's robust ecosystem and diverse applications make it a stronger contender in the long run.

Meanwhile, crypto analyst Ali Martinez has emphasized the significance of the $2 support level for XRP. Martinez noted that the price is forming a head-and-shoulders pattern on the weekly chart, which highlights the importance of holding the $2 support level. If XRP loses this support, it could drop to as low as $1.2. Another analyst, Dark Defender, identified $2.04 and $2.22 as critical support levels for XRP. Holding above these levels is crucial for XRP to rally towards its upside targets of $4.2932 and $5.8563. A rally to $5 could potentially see XRP flip Ethereum, especially if Ethereum continues to underperform.

At the time of writing, XRP is trading at around $2.3, reflecting a slight decline of over 2% in the last 24 hours. This price movement underscores the volatility and uncertainty in the cryptocurrency market, where even small fluctuations can have significant implications for market positions and investor sentiment.