- XRP’s market cap has doubled in the previous couple of months.
- The doubling has made it the third-largest asset behind Ethereum.
The cryptocurrency market has been buzzing with Ripple’s[XRP] exceptional rally, which has pushed its market capitalization nearer to Ethereum’s[ETH].
With XRP’s value crossing $2.30 and its market cap reaching $206.9 billion, discussions about XRP probably flipping ETH are gaining traction.
XRP’s rise in numbers
Based on the coin’s market cap chart, XRP’s latest surge has been phenomenal. The asset has gained vital momentum since late 2024, with its value practically tripling during the last quarter.
Its market cap skyrocketed to $206.9 billion, positioning it as a robust contender to dethrone ETH. Technical indicators like RSI stay bullish, exhibiting a worth of 58.83, indicating room for additional upward momentum with out getting into overbought territory.
Supply: CryptoQuant
The 50-day shifting common has decisively crossed the 200-day common, forming a golden cross—a robust sign of sustained bullish traits.
ETH: An enormous within the crosshairs
Ethereum, nonetheless, continues to take care of a cushty lead with a market cap of $440.5 billion, as mirrored within the Ethereum market cap chart.
The second-largest cryptocurrency by market cap is buying and selling at $3,671, supported by a well-established ecosystem that features DeFi and NFTs.
The chart highlights constant upward motion since November 2024, with its RSI sitting at 57.82, suggesting regular shopping for momentum.
Supply: CryptoQuant
Whereas ETH’s dominance stays intact, XRP’s accelerated progress has introduced the hole nearer than it has been in years.
Evaluating technicals: XRP vs. ETH
A side-by-side evaluation of XRP/USD and ETH/USD charts exhibits diverging trajectories. XRP’s latest rally is supported by robust quantity, exceeding 20.44 million trades.
In distinction, Ethereum’s quantity stands at 17.6k trades, highlighting XRP’s present market pleasure. Each property reveal bullish patterns however XRP’s golden cross alerts greater upward potential in comparison with Ethereum’s average rally.
Supply: TradingView
Whereas Ethereum enjoys robust help close to the $3,500 mark, XRP has damaged previous its psychological resistance at $2.00, which might function a brand new help degree for the asset.
Supply: TradingView
ETH to flip XRP?
Regardless of XRP’s meteoric rise, surpassing ETH in market capitalization would require substantial progress of 112.9%. For this to occur, XRP’s value would wish to climb from its present degree of $2.30 to roughly $4.90.
Whereas bold, it’s not solely out of attain given XRP’s momentum, supported by authorized readability, partnerships, and institutional curiosity.
– Real looking or not, right here’s XRP market cap in BTC’s terms
Nonetheless, Ethereum’s robust developer ecosystem, established use instances, and wider adoption nonetheless pose vital challenges to XRP’s bid to overhaul it.