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With a price of $2.37 per coin, XRP is now more of a threat to Ethereum (ETH) than most people think. To surpass Ethereum's market capitalization, XRP would need to reach $4.36, which is an increase of 83.4%. This potential shift has caught attention, reflecting growing interest in XRP's market position and recent developments.
Right now, XRP is in fourth place among cryptocurrencies, with a market cap of $136.3 billion. Ethereum, with a valuation of $436.3 billion and a price of $3,621.87, is still a big step ahead. Bitcoin is the big leader in the sector, with a market cap of $1.94 trillion and a price of $97,744.99, showing its dominance.
XRP's rise of almost 500% in recent months shows a lot of potential for growth. While its all-time high of over $3.30 from 2018 is still a benchmark, its legal victory in the SEC v. Ripplecase has been a key factor in its recovery. The court said that XRP is not a security, which is good for its adoption and investor confidence.
The year ahead could shape XRP's trajectory. There's a lot of hope for a shift in the way things are regulated, especially since the U.S. is about to have new political leadership. A lot of people think this could be good for Ripple's continued growth, which in turn will affect XRP performance.
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