Ripple vs. Ethereum: How close is XRP to flipping ETH?

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  • XRP’s market cap has doubled in the last few months.
  • The doubling has made it the third-largest asset behind Ethereum.

Recently, the digital currency market has seen an exciting surge in Ripple‘s [XRP] value, bringing it near Ethereum’s [ETH] in terms of total market capitalization.

Discussions about XRP possibly overtaking Ethereum (ETH) in terms of market capitalization are becoming more prevalent as the value of XRP surpasses $2.30 and its market cap approaches a staggering $206.9 billion.

XRP’s rise in numbers

As a crypto investor, I’ve been utterly amazed by the breathtaking surge of XRP in the market. Since the end of 2024, this asset has picked up serious speed, with its value almost tripling in just the past three months.

The market value of this cryptocurrency soared to an impressive $206.9 billion, making it a formidable challenger looking to unseat ETH from its throne. Technically speaking, the Relative Strength Index (RSI) remains optimistic, registering 58.83, suggesting there’s potential for additional growth without pushing into overbought territory.

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In simpler terms, the line that represents the average price over the past 50 days has clearly moved above the line representing the average price over the past 200 days. This is called a “golden cross,” which is often interpreted as a powerful indication of continued upward market movements.

ETH: A giant in the crosshairs

As an analyst, I’m observing that Ethereum consistently holds its dominance, boasting a robust market capitalization of approximately $440.5 billion. This position is evident when referring to the Ethereum market cap graph.

Currently, the digital currency with the second largest market value is being exchanged for around $3,671. This is bolstered by a robust infrastructure made up of decentralized finance (DeFi) and non-fungible tokens (NFTs).

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The graph indicates a continuous increase in trend starting from November 2024, and the Relative Strength Index (RSI) is currently at 57.82, indicating persistent buying activity.

Despite Ethereum maintaining its leading position, Ripple’s rapid advancement has significantly narrowed the difference between them, a gap not seen for quite some time.

Comparing technicals: XRP vs. ETH

Comparing the graphs for XRP versus USD and ETH versus USD reveals distinctly different paths. The surge in XRP is underpinned by substantial trading activity, surpassing a total of 20.44 million transactions.

Instead of that, let me rephrase for you: Compared to Ethereum’s 17.6k trades, XRP is showing more market enthusiasm with a volume of unspecified amount. Both assets are indicating bullish trends, but XRP has a stronger indication of increased upward movement, as indicated by its golden cross, compared to Ethereum’s more moderate rise.

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As Ethereum maintains its strength around the $3,500 point, XRP has surpassed its psychological barrier at $2.00, potentially establishing this price as a fresh support base for the cryptocurrency.

ETH to flip XRP?

Even though XRP has experienced a remarkable increase that currently places it ahead of Ethereum in terms of market capitalization, achieving further growth by overtaking ETH’s market cap would necessitate an increase of around 112.9%. To reach this milestone, the price of XRP would need to escalate from its current value of $2.30 up to approximately $4.90.

Given its current pace and the factors such as legal certainty, strategic partnerships, and institutional interest, it’s plausible, though challenging, for XRP to achieve significant progress.

– Realistic or not, here’s XRP market cap in BTC’s terms

Nonetheless, the robust development community, well-established applications, and broader acceptance of Ethereum create considerable hurdles for XRP’s attempt to surpass it.

Or: Despite the efforts of XRP, Ethereum’s solid developer network, proven use cases, and widespread adoption present substantial obstacles in its path to overtake Ethereum.

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2025-01-06 18:15