XRP Could Reach This High If It Surpasses Ethereum's Market Cap

According to the latest data, XRP could reach a record price level if its market capitalization surpasses that of Ethereum. This not only sets a significant milestone in XRP's history but also propels it to the position of the world's second-largest cryptocurrency. Cryptocurrency experts are providing insights into whether XRP can achieve this or not. XRP Price If It Surpasses Ethereum's Market Cap Data shows that XRP could reach $3.94 if its market capitalization surpasses Ethereum. This will help XRP set a new all-time high (ATH), changing its position in the cryptocurrency market. Currently, XRP is behind Ethereum in market capitalization. According to the latest statistics, the market capitalization of XRP is 135 billion USD, while Ethereum is at 227 billion USD. Cryptocurrency expert Egrag Crypto believes that XRP could surpass Ethereum in this market cycle. In a recent post on the X (Twitter platform cũ), he provided important analysis to support his argument. The Dominance of XRP And Key Levels Egrag Crypto emphasizes that XRP is showing significant strength by approaching the highest level of 2021 at 6% and reaching the Fib 0.5 level. In technical analysis, Fib 0.5 is an important indicator, if the XRP price closes above this level, it will be extremely positive for the price uptrend. He also predicted that if XRP can maintain Fib 0.5, it will target Fib 0.888, corresponding to the high level reached in 2015. The weekly chart of XRP shows the formation of a head and shoulders pattern around the $2 support area. This is an important support level, if this area is lost, XRP could drop below $1.2. However, if it maintains key support levels, XRP could rise to $4.2932 and $5.8563. Experts predict that if Ethereum continues to underperform compared to XRP, the price of XRP could recover to $5, giving it a chance to overthrow ETH in market capitalization. Does XRP Really Surpass Ethereum? Despite many optimistic forecasts, there are still some important factors to consider before expecting XRP to surpass Ethereum: Approval from the SEC - XRP won the lawsuit against the SEC in 2023, but there are still some legal barriers to overcome. Liquidity and trading volume - XRP needs a significant increase in trading volume to compete with Ethereum. Real-world applications and ecosystem - Ethereum has a strong advantage with the development of DeFi and NFT ecosystems, while XRP is mainly used for cross-border payments. If XRP can leverage these factors to attract larger capital inflows, the possibility of surpassing Ethereum in the future is entirely possible. However, investors still need to closely monitor market developments before making decisions.