- According to BitBoy Crypto, XRP could flip ETH in market cap by 2025.
- BitBoy Crypto projected that XRP rice could surge 20x-30x, hitting a high of $15.6 or more.
As a seasoned researcher who has followed the crypto market for over a decade, I find BitBoy Crypto’s prediction of XRP flipping ETH intriguing. Having witnessed the remarkable rise of XRP in 2018, I can see a potential for such an event to occur again in 2025. However, it’s important to remember that market predictions are just that – predictions. They are not guarantees and should be taken with a grain of salt.
According to cryptocurrency analyst Ben Armstrong, also known as BitBoy Crypto, it’s possible that Ripple (XRP) could surpass Ethereum (ETH) in terms of market capitalization by the year 2025.
According to BitBoy Crypto’s analysis, the performance of XRP in 2018 was quite impressive as it moved into the second spot on CoinMarketCap, just behind the top-ranked cryptocurrency. Meanwhile, Ethereum ranked third in terms of market size during that period.
Back on January 8, 2018, Ripple (XRP) surpassed Ethereum (ETH) in value, marking a significant event during the altcoin season. This happened only two weeks after Bitcoin reached its peak.
Back then, the market capitalization of XRP stood at approximately $130 billion, compared to Ethereum’s $111 billion. BitBoy foresees a comparable scenario around 2025, as many analysts anticipate that the current Bitcoin cycle will peak in 2025.
Back in 2018, Ripple’s XRP currency overtook Ethereum briefly. Predictions suggest that this will happen once more in the year 2025. Prepare yourself for the upcoming market surge! The XRP community is well-aware of what lies ahead.
Can XRP flip ETH?
As per Armstrong’s analysis, Ethereum (ETH) might face challenges in overcoming the psychological barrier posed by a market cap of one trillion dollars, given the intense competition within the Layer 1 sector.
According to his analysis, ETH might 3x and falter around $940 billion.
Instead, BitBoy anticipates that XRP’s value could increase significantly, potentially multiplying by 20 times its current level. This surge would lead to a market capitalization of approximately $600 billion, placing the price at around $11 per unit.
If XRP’s value were to increase by a factor of 20, it could potentially reach $11. For Ethereum (ETH) to surpass XRP in value at this moment, ETH needs to peak before XRP and start declining while XRP experiences an upward trend.
He reiterated that the flipping could happen if XRP does a 25x-30x. That would translate to an XRP rally to $13 — $15.6 from the current $0.52 value.
Yet, he pointed out that the ongoing Ripple Labs lawsuit significantly hindered the surge of XRP’s market price. He speculated that, without the lawsuit, XRP might have surpassed Ethereum in value during the year 2021.
The price chart for the XRP/ETH ratio, which tracks XRP’s relative performance to ETH, echoed his sentiment to some extent. ETH outperformed XRP in early 2024 as the lawsuit dragged on.
In other words, a partial win for XRP over the SEC by around mid-2024 helped XRP surpass ETH briefly in performance.
It rallied 86% against ETH between May and August, marking a significant outperformance against the largest altcoin. Whether the rally will continue towards the next target at 0.0003 remains to be seen.
At the moment, the price of XRP was approaching $0.50. Given that the lawsuit is ongoing, the cryptocurrency might encounter resistance in the near future.
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2024-10-24 08:08