XRP May Surpass BTC and ETH: Analyst Predicts Market Cap Could Reach $1.5 Trillion

A cryptocurrency analyst shared an investment theory on the X platform on Wednesday, predicting that if XRP's market dominance continues to rise in the coming months, its market cap could soar to $1.56 trillion.

Egrar Crypto, a technical analyst with nearly 70,000 followers, emphasized that the gains Ripple could bring during the current bull market phase will far exceed those of Bitcoin (BTC) or Ethereum (ETH).

From a technical standpoint, a target of $4 for XRP is feasible. Once the market shakes off the recent pullback and attracts more late-stage buyers, this target may be achieved, injecting more momentum into the upward trend.

The analyst believes that the post-election rise in the crypto market is viewed as the first wave of a potential sustained surge in digital assets. This growth is driven by multiple positive factors, including Donald Trump's victory in the November U.S. presidential election and the Federal Reserve's commitment to continue lowering interest rates, which raise price expectations for high-risk assets like cryptocurrencies.

Among the top ten cryptocurrencies, XRP has been the standout asset in this rally, with its price rising 253% since the court ruled in favor of Ripple in its long-standing legal dispute with the SEC.

The strong performance of the XRP network, active engagement from the executive team, and a robust community of loyal supporters have consistently accompanied the project's development, even in the face of numerous challenges, potentially making XRP a powerful force in cross-border payments, decentralized finance (DeFi), and smart contracts.

The launch of the stablecoin RLUSD is a significant step in expanding the project's influence.

During the recent pullback, XRP's price found support around $1.95 per coin. This is a critical area to watch moving forward. As long as this support holds, it may serve as a launching pad for the next 'altcoin season.'

In the short term, the $4 target seems achievable, which would double XRP's market cap. However, the target proposed by Egrar Crypto offers a longer-term outlook on the potential of this cryptocurrency, indicating that its influence in the crypto market will continue to grow.