The recent surge in Ripple’s (XRP) value has sparked excitement in the cryptocurrency market, bringing it closer to Ethereum’s (ETH) market capitalization.
With XRP surpassing $2.30 and its market cap hitting $206.9 billion, speculation about XRP potentially overtaking ETH is gaining momentum.
XRP’s Ascendancy in Figures
Analysis of XRP’s market cap chart reveals an impressive rally. The digital asset has gained substantial traction since late 2024, nearly tripling in value over the past quarter.
Its market capitalization has soared to $206.9 billion, positioning it as a formidable competitor to challenge ETH. Positive technical indicators, like the RSI at 58.83, indicate potential for further growth without reaching an overbought status.
The significant crossover of the 50-day moving average above the 200-day average suggests a golden cross formation, signaling a sustained bullish trend.
ETH: A Colossus in XRP’s Crosshairs
On the other hand, Ethereum maintains its lead with a market capitalization of $440.5 billion, as depicted in the ETH market cap chart.
As the second-largest cryptocurrency by market cap, ETH is priced at $3,671, backed by a robust ecosystem that includes DeFi and NFTs.
The chart illustrates consistent upward movement since November 2024, with an RSI of 57.82, indicating stable buying activity.
While Ethereum remains dominant, XRP’s rapid growth has narrowed the gap significantly in recent times.
Technical Comparison: XRP vs. ETH
An analysis of XRP/USD and ETH/USD charts unveils diverse trajectories. XRP’s recent surge is supported by substantial volume, surpassing 20.44 million trades.
In contrast, Ethereum’s volume stands at 17.6k trades, underscoring the current market enthusiasm for XRP. Both cryptocurrencies exhibit bullish patterns, but XRP’s golden cross signals a higher potential for upward movement compared to Ethereum’s modest rally.
While Ethereum finds strong support near the $3,500 mark, XRP has broken through the psychological barrier at $2.00, potentially establishing a new support level.
ETH Flipping XRP?
Despite XRP’s remarkable surge, surpassing ETH in market capitalization necessitates a significant growth of 112.9%. To achieve this, XRP’s price would need to rise from $2.30 to approximately $4.90.
While ambitious, this target is feasible given XRP’s current momentum, boosted by legal clarity, partnerships, and institutional interest.
Nevertheless, Ethereum’s robust developer ecosystem, established use cases, and broader adoption present substantial obstacles to XRP’s quest for supremacy.