New Ripple XRP Price Prediction – It Could Exceed Ethereum Market Cap

Ripple’s XRP is seeing a notable surge in market activity and optimism. The extreme shift in the atmosphere has analysts predicting that XRP may soon rival Ethereum’s market cap.

Sam Ruskin, an analyst at blockchain research firm Messari, Suggested Which XRP It may exceed the value of Ethereum within the next month. Ruskin attributes this potential breakthrough to several converging factors, including growing market enthusiasm, political developments, and an increased focus on OG cryptocurrencies, which he calls “boom coins” or “dino coins.”

Market trends favor XRP

Ruskin noted that XRP has performed very well, rising 460% since the US presidential election on November 5, 2024. He identified a strong correlation between market sentiment and external events such as the re-election of Donald Trump. “TThe inauguration ceremony could trigger a major XRP buying eventRuskin said in A mail On X called, XRP Flipping ETH Status.

Comparison of the market cap of XRP versus ETH. source: Sam Ruskin via X

This mutation was set XRP is a favorite among individual and institutional investors alikeEspecially with growing speculation about approval XRP exchange-traded fund (ETF) In the United States under the new administration. Ruskin also highlighted that new US tax regulations, which may benefit domestic cryptocurrency projects, could increase investment in XRP.

Ethereum faces challenges

While XRP is gaining traction, Ethereum, the second-largest cryptocurrency by market cap, appears to be facing headwinds. Ruskin noted that Ethereum is still 30% below its all-time high of $4,800, despite record levels of open interest. The disconnect here is a sign of weak investor demand and internal problems in the Ethereum ecosystem, such as community divisions and competition from new blockchain networks. Latest Trump Meme Coin Launched on Solanacaused Solana stock to rise by 15% overnight, but caused the price of ETH to fall Solana Now the token launch network of choice for the broader market.

Ethereum (ETH) price versus open interest. source: Sam Ruskin via X

In contrast, XRP showed a strong correspondence between price action and open interest, indicating greater market conviction. According to Ruskin, this dynamic could lead to a 35-50% increase in XRP prices in the months following a Trump presidency, which could bring its market capitalization closer to Ethereum’s $415 billion valuation.

Record-breaking performance

XRP has recently arrived Close to breaking It hit an all-time high of $3.40, which was set in January 2018. On Thursday, it peaked at $3.38, a 45% jump from last week. This rally certainly shines a spotlight on XRP, which is up 560% since Election Day.

XRP has outperformed BNB, SOL, and USDT in terms of market capitalization growth. source: Sam Ruskin via X

Brad Garlinghouse, CEO of RippleHe was leading from the front with such momentum. With over $143 billion worth of XRP held by Ripple, the company is wasting no time thinking about acquisitions that would strengthen its position in the cryptocurrency world. “Ripple is in discussions with several startups and expects to accelerate deal-making activity and work to enable tokenization,” a company spokesperson said.

Ripple’s strategic moves

Recently, Ripple joined the stablecoin market with RLUSD symbolwhich saw trading volumes rise on a few exchanges. Its new tokenization strategy involves acquiring companies operating in the custodian space of cryptocurrencies and stablecoins to strengthen its position in the increasingly competitive market.

Ripple’s XRP price versus open interest. source: Sam Ruskin via X

Moreover, even legal disputes between Ripple and the US Securities and Exchange Commission did not prevent its progress. As if on daring, though, the SEC did just that File an appeal Obtaining a partial ruling in favor of Ripple, the company expanded its operations based on growing investor confidence with a friendlier regulatory outlook for the new management.

Future Prospects for XRP

Ripple (XRP) price chart. source:XRP Liquidity Index (XRPLX) via Brave new coin

As market dynamics evolve, a trajectory for XRP emerges Increasingly promising. With the potential approval of an XRP ETF, continued investor interest, and strategic acquisitions, the cryptocurrency is well-positioned for significant growth. However, it remains to be seen whether it can eventually surpass Ethereum’s market cap, as much depends on external factors and the performance of the broader cryptocurrency market.

For now, Ripple’s XRP news is positive. The recent rise in XRP prices is a testament to its resilience and strength Increased effect of ripple In the rapidly changing cryptocurrency landscape. With rumors that XRP will be given the green light to be included in the US cryptocurrency reserve Under President Trump, the prospects for XRP could not be brighter. Raise your price predictions, XRP is headed to the moon in 2025.

Will XRP be included in the US cryptocurrency reserve? Source: New York