XRP Surges: Can It Overtake ETH as Second-Largest Crypto?

The cryptocurrency market has witnessed significant volatility in recent times, with various digital assets vying for dominance. Among these, the rivalry between XRP and ETH has gained considerable attention, with XRP making substantial strides while ETH remains relatively stagnant.

As of now, XRP's market capitalization stands at approximately $155 billion, calculated based on its current supply. Its fully diluted valuation (FDV), taking into account escrowed tokens, is around $267 billion. In contrast, ETH's market capitalization is approximately $331 billion, with an average daily volume (ADV) of the same amount. This minimal movement has led some analysts to predict a potential "flip" in pricing, which could position XRP as the second-largest digital asset, surpassing ETH.

The narrowing gap between XRP and ETH has not gone unnoticed by analysts. A recent tweet by Nic Carter, the co-founder of Coin Bureau, highlighted the significant growth of XRP against ETH since November 2020. The data shared by Nic indicates that XRP has grown nearly five times against ETH in the last four months, with an uptrend of 451%. This rapid growth has led some analysts to believe that a 'flip' could occur with a 50% price rally for XRP.

Currently, XRP is trading at around $2.67, with an FDV of approximately $267 billion. Some analysts suggest that a 24.70% increase in pricing could lead to a full cap of $333 billion, placing XRP ahead of ETH. However, others remain skeptical about the possibility of XRP surpassing ETH, citing the brief period in January when XRP held a market cap of $193 billion but failed to surpass ETH.

To position itself next to BTC and ahead of ETH, XRP would need to trade at around $5.76, increasing its market capitalization from $155 billion to $333 billion. This significant growth would require a substantial price increase and sustained market performance. As the cryptocurrency market continues to evolve, investors and analysts alike will be closely monitoring the ongoing rivalry between XRP and ETH, eagerly awaiting any potential developments in their respective market positions.