The former Goldman Sachs analyst says there is a high chance that XRP will fluctuate on Ethereum soon

Amid XRP’s momentum, Dom Kwok, a former Goldman Sachs employee, insists that there is a big chance that XRP fluctuation Ethereum “very soon”.

XRP has made impressive progress since November 2024, when it rose along with the rest of the market after the US presidential election. As momentum grew, XRP emerged excel The broader cryptocurrency market reached $3.39 before encountering resistance and is now consolidating.

However, after a period of range-bound moves, XRP rose again at a greater pace than the rest of the market at the end of last week, rising 10% on Saturday, January 11 while the broader market lagged. This pushed the XRPETH pair, which is tracking Performance of XRP versus Ethereumto a 50-month peak of 0.0007885.

“High chance of XRP flipping on Ethereum soon”

After a slight pullback on Sunday, XRP resumed its uptrend in the new week, with the XRPETH pair reaching a new high of $0.0008818 earlier yesterday. Amid this impressive momentum, Dom Kwok, former Goldman Sachs analyst and co-founder of EasyA, made an optimistic statement.

According to Cook, there is now There is a high chance that XRP will be overtaken Ethereum To become the second largest crypto asset. He noted that this event could happen “very soon.”

It is very likely that XRP will overturn ETH very soon.

Are you ready for a new world order, Anon? pic.twitter.com/bP3UjFVnEY

— Dom | EasyA 🤳📱 (@dom_kwok) January 15, 2025

“Are you ready for a new world order?” Kwok quipped alongside his bold prediction, suggesting that he sees such an event as pivotal. Kwok has always been bullish on the XRP ecosystem lately Promote The enormous capital that can come from tokenizing RWA on XRPL.

It is worth noting that Kwok’s latest comment on the XRP-Ethereum market dynamics comes On the back of Discussions about XRP’s ability to upend Ethereum have been renewed amid XRP’s outperformance. In context, XRP gained by A A whopping 351% against Ethereum since November 2024.

The market capitalization of XRP reaches $177 billion

Interestingly, following Kwok’s observation previously Yesterday, XRP rose significantly to reach… New Milestone $3.39 For the first time since January 2018. Despite the slight decline, XRP has held above $3, with its market cap now standing at $177 billion, which represents a record high. addition $15.8 billion since Kwok’s comment.

However, Ethereum’s market capitalization has increased at an even greater rate, currently standing at $407 billion. In this situation, the price of XRP would have to rise to $7.07 to surpass the market value of Ethereum. However, this assessment assumes that Ethereum’s price will remain relatively stable, which is unlikely.

XRP is currently trading at $3.10 You will need to A 129.5% increase to reach the $7 price mark needed to flip Ethereum. Notably, market commentator EGRAG Crypto believes that the price of XRP is looming at $7.5. Last October, he said anticipation That XRP could rise to $7.5 once resistance is broken at what he calls the True Wake Line.

Meanwhile, at the current price of $3.11, XRP has gained an impressive 31.26% over the past week and is up 8.7% over the past 24 hours. The asset is already up 49% this year, while Ethereum saw gains of only 1.45%.