Ripple’s XRP is seeing a remarkable increase in market activity and optimism. This intense change in mood has analysts predicting that XRP could soon rival Ethereum’s market capitalization.
Sam Ruskin, an analyst at blockchain research firm Messari, suggested that XRP’s valuation could surpass that of Ethereum over the next month. Ruskin attributes this potential milestone to several converging factors, including increased market enthusiasm, political developments, and increased attention to OG cryptocurrencies, nicknamed “boomer coins” or “dinosaur coins.”
Market Trends Favor XRP
Ruskin noted that XRP has performed extremely well, up 460% since the US presidential election on November 5, 2024. He identified a strong correlation between market sentiment and external events such as Donald’s re-election Trump. “The inauguration could trigger a big buying event for XRP, similar to the 2016 post-election rally,” Ruskin said in an article on X titled: The case of XRP Flipping ETH.
XRP and ETH market cap comparison. Source: Sam Ruskin via
This surge has positioned XRP as a favorite among retail and institutional investors, especially with growing speculation over the approval of an XRP exchange-traded fund (ETF) in the United States under the new administration. Ruskin also pointed out that new US tax regulations, which could benefit domestic crypto projects, could further boost investments in XRP.
Ethereum faces challenges
While XRP gains ground, Ethereum, the second largest cryptocurrency by market capitalization, appears to be struggling with headwinds. Ruskin noted that Ethereum was still 30% below its all-time high of $4,800, despite record levels of open interest. This disconnect is a sign of weak investor demand and internal issues in the Ethereum ecosystem, such as community divisions and competition from new blockchain networks. The recent launch of Trump Meme Coin on Solana caused Solana to skyrocket 15% overnight, but caused ETH to fall, with Solana now the token launch network of choice for the broader market.
Ethereum (ETH) price versus open interest. Source: Sam Ruskin via
In contrast, XRP demonstrated strong alignment between price action and open interest, signaling greater market conviction. According to Ruskin, this dynamic could lead to a 35-50% increase in the price of XRP in the months following Trump’s presidency, potentially bringing its market capitalization closer to Ethereum’s $415 billion valuation.
Record performance
XRP recently came close to surpassing its all-time high price of $3.40, set in January 2018. On Thursday, it peaked at $3.38, a 45% jump from last week. The rally certainly puts the spotlight on XRP, which is up 560% since Election Day.
XRP outperformed BNB, SOL, and USDT in terms of market cap growth. Source: Sam Ruskin via
Brad Garlinghouse, CEO of Ripple, has been at the forefront of this dynamic. With over $143 billion worth of XRP held by Ripple, the company is wasting no time considering acquisitions that would further strengthen its position in the crypto world. “Ripple is in discussions with several startups and plans to accelerate its trading activities and work towards tokenization,” a company spokesperson said.
Ripple’s strategic moves
Recently, Ripple joined the stablecoin market with the RLUSD token, which saw an increase in trading volumes on a few exchanges. Its new tokenization strategy involves acquiring cryptocurrency and stablecoin custody companies to consolidate its position in an increasingly competitive market.
Ripple’s XRP price versus open interest. Source: Sam Ruskin via
Moreover, even legal wrangling between Ripple and the US SEC has not hindered its progress. Defiantly, even though the SEC filed an appeal seeking a partial ruling in favor of Ripple, the company expanded its operations based on growing investor confidence and a more favorable regulatory outlook from the new administration.
XRP Future Outlook
Ripple Price Chart (XRP). Source:XRP Liquid Index (XRPLX) via Brave new piece
As market dynamics evolve, XRP’s trajectory looks increasingly promising. With the potential approval of an XRP ETF, continued investor interest, and strategic acquisitions, the cryptocurrency is well-positioned for significant growth. However, it remains to be seen whether it can ultimately surpass Ethereum’s market cap, as much depends on external factors and the performance of the broader crypto market.
For now, Ripple’s XRP news is positive. XRP’s recent price rally is a testament to its resilience and Ripple’s growing influence in the rapidly evolving cryptocurrency landscape. With rumors of XRP receiving the green light for inclusion in a US crypto reserve under President Trump, XRP’s prospects could not be bright. Raise Your Price Predictions, XRP Heads to the Moon in 2025.
Will XRP be included in a US crypto reserve? Source: NYP
