Key Points
- XRP’s market cap has doubled recently, making it the third-largest asset behind Ethereum.
- Despite XRP’s rapid growth, surpassing Ethereum’s market cap would require a substantial 112.9% increase.
XRP has seen a significant increase in its market cap over the past few months, now ranking as the third-largest asset, following closely behind Ethereum.
As XRP’s price breached the $2.30 mark and its market cap soared to $206.9 billion, chatter about XRP potentially flipping Ethereum has been on the rise.
The Rise of XRP
XRP’s recent surge has been nothing short of impressive. The asset has been on an upward trajectory since late 2024, with its price almost tripling over the last quarter.
The market cap has spiked to $206.9 billion, putting XRP in a strong position to potentially surpass Ethereum. The asset’s technical indicators such as RSI remain bullish, indicating room for further growth without entering overbought territory.
Notably, the 50-day moving average has crossed the 200-day average, forming a golden cross, which is a strong signal of a continued bullish trend.
Ethereum Maintains Lead
Despite XRP’s impressive growth, Ethereum still holds a substantial lead with a market cap of $440.5 billion.
The second-largest cryptocurrency by market cap is trading at $3,671, bolstered by a robust ecosystem that includes DeFi and NFTs. Ethereum’s chart shows consistent growth since November 2024, with steady buying momentum indicated by an RSI of 57.82.
XRP vs. Ethereum: Technical Analysis
When comparing the XRP/USD and ETH/USD charts, we see different trajectories. XRP’s recent rally is supported by strong volume, exceeding 20.44 million trades, whereas Ethereum’s volume stands at 17.6k trades.
Both assets show bullish patterns, but XRP’s golden cross signals a higher upward potential compared to Ethereum’s moderate rally.
While Ethereum has strong support near the $3,500 mark, XRP has broken past its psychological resistance at $2.00, which could now serve as a new support level.
For XRP to surpass Ethereum in market cap, it would need a substantial growth of 112.9%. This would require XRP’s price to climb from its current level of $2.30 to approximately $4.90.
Despite the ambitious goal, it’s not entirely far-fetched given XRP’s current momentum, which is backed by legal clarity, partnerships, and institutional interest.
However, Ethereum’s strong developer ecosystem, established use cases, and wider adoption still pose significant challenges to XRP’s bid to overtake it.
