Like a volcano ready to roar, XRP seems poised to explode. With its recent successes, including the legal victory against the SEC and the introduction of the stablecoin RLUSD, Ripple has captured the attention of investors. But the real challenge lies in its potential to surpass Ethereum. With an 83.4% gap to reach its rival's market cap, XRP asserts itself as the 'outsider' that could disrupt the cryptocurrency ecosystem.
Ripple: a crypto that shakes up altcoins
With Ripple's current price at $2.39, XRP has become the threatening shadow of Ethereum. According to data, it would only take its price reaching $4.36 to surpass Ethereum's market cap, currently at $436.3 billion.
In comparison, XRP is still far behind at $136.3 billion, but its meteoric progression of nearly 500% in recent months changes the game.
Here are some highlights:
Ethereum dominates at $3,621.87 per token, but XRP remains competitive;
Ripple's victory against the SEC strengthens investor confidence;
Bitcoin, still untouchable, shows a market cap of $1.94 trillion.
Can XRP dethrone Ethereum?
The scenario in which XRP would surpass Ethereum depends on favorable conditions. The growing interest from investors and regulatory advances in the United States work in its favor.
A potential XRP ETF could also propel the crypto to new heights.
Egrag crypto highlights impressive targets, such as $8.5 for a breakthrough beyond linear regression, and up to $27 for an explosive cycle.
These projections are based on a key tool: linear regression, capable of identifying significant market turning points and trends. This approach identifies, among others