- If XRP surpasses Ethereum’s market cap, its price could reach $3.94, marking a new all-time high, though experts debate whether XRP’s limited use case can compete with Ethereum’s robust ecosystem.
- Analysts emphasize key support levels at $2.04 and $2.22, suggesting that holding above them could drive XRP toward $5.85, bringing it closer to flipping ETH.
The cryptocurrency market is always full of surprises, and one of the biggest speculations right now is whether XRP could flip Ethereum (ETH) in market capitalization. If this were to happen, it would not only change the dynamics of the crypto market but also send XRP to a new all-time high (ATH). Here’s a look at how high XRP could go and what experts think about this possibility.
How High Could XRP’s Price Go?
According to data from MarketCapOf, if XRP were to surpass Ethereum’s market cap, its price could rise to approximately $3.94. This would mark a significant milestone for the asset, setting a new ATH. Given that XRP currently holds the fourth position in market capitalization at $135 billion, while ETH stands at $227 billion, the gap is substantial but not impossible to close.
Crypto analyst Egrag Crypto has been vocal about this potential shift, previously predicting that XRP could overtake Ethereum within this market cycle. He believes that XRP’s price dominance is gaining momentum and is on the verge of closing above the 2021 high of 6%, surpassing the Fibonacci 0.5 level. If this happens, he anticipates XRP could surge straight to Fibonacci 0.888, aligning with historic highs from 2015.
The Battle of Utility: Can XRP Really Flip Ethereum?
While Egrag Crypto remains confident, not all experts agree. Crypto analyst Ansem argues that XRP lacks the strong ecosystem that Ethereum possesses. Ethereum is the foundation for decentralized applications (dApps), smart contracts, and a vast number of tokens, making it a dominant force in the crypto space. XRP, on the other hand, is primarily known for its utility in cross-border payments and financial transactions.
This fundamental difference in use cases makes it difficult for XRP to surpass Ethereum’s market cap unless there is a major shift in investor sentiment or adoption trends.
Key Price Levels to Watch
As speculation grows, analysts are closely watching XRP’s price movements. Crypto analyst Ali Martinez highlights the importance of the $2 support level, noting that XRP is forming a head-and-shoulders pattern on the weekly chart. Losing this support could result in a drop to as low as $1.2, while holding above it would be crucial for a rally.
Similarly, analyst Dark Defender points out that XRP needs to stay above $2.04 and $2.22 to continue its upward trajectory. He suggests that if these levels hold, XRP could target $4.29 and even $5.85, which could bring it closer to Ethereum’s market cap if ETH underperforms.
The idea of XRP flipping Ethereum remains a topic of debate among crypto enthusiasts and experts. While some analysts believe it is possible due to XRP’s increasing market strength, others argue that Ethereum’s extensive use case makes it difficult to dethrone. Regardless, XRP’s current price movements and key support levels will be critical in determining its next big move.
At the time of writing, XRP is trading around $2.3, down over 2% in the last 24 hours. Whether it can make the leap to $3.94—or beyond—remains to be seen.
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