Replacing Ethereum? $XRP could rise 262%, market cap soaring to $500 billion

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The market cap of XRP could soar to $500 billion, implying a potential increase of 262%. If realized, this would push XRP past Ethereum ($ETH). Currently, the price of XPR is $2.4, and it might rise to $8.7.

Due to lower selling pressure from centralized exchanges, many XRP holders are optimistic about further increases. According to CryptoQuant data, the inflow of XRP into exchanges has remained stable since November, indicating that users prefer to hold rather than sell, which is beneficial for XRP.

In terms of reserves, Upbit and Binance hold 6 billion and 2.9 billion XRP respectively. Notably, the XRP reserves on Upbit have fallen to a seven-month low, showing that users are transferring tokens out of exchanges for self-custody, suggesting they expect a price increase for XRP in the short term.

The short-term target for XRP is $3.4; if it breaks through the current triangular formation, the increase could reach 52%. If it breaks bearish, the price may pull back to $1.1.