For a while, many crypto folks thought XRP could surpass Ethereum in market value. XRP’s huge price jump late last year fueled this idea, especially as Ethereum struggled. Analysts were pretty confident it would happen.
A Change of Heart
But a well-known analyst, “Charting Guy,” who was a big supporter of this “flippening,” has changed his mind. He says it’s not going to happen anytime soon.
Charting Guy points to the period between November 2024 and January 2025, when XRP skyrocketed almost 600%, while Ethereum barely budged and even dipped to $1,385 in April. This rapid XRP growth made a lot of people believe it could become the top altcoin.
However, he recently admitted he was wrong. He bought Ethereum in April when it was low, and since then, it’s been incredibly strong. Ethereum is now only about 10% below its all-time high, showing a massive 239% increase from its April low.
Ethereum’s Dominance
This surge has pushed Ethereum’s market cap to $572 billion, compared to XRP’s $193 billion – a huge gap of over $368 billion. This gap has widened significantly since July.
Ethereum’s recent performance (a 52% jump in the last four weeks) has left XRP in the dust. Even if XRP tripled in price, it would still be far behind Ethereum. For XRP to match Ethereum’s current market cap, it would need to reach around $9.30 – a highly unlikely scenario, according to Charting Guy.
Advice for Investors
Charting Guy cautions against overly optimistic XRP predictions, advising investors to hold both Ethereum and XRP. He emphasizes that Ethereum’s recent rally was long overdue and that focusing too heavily on one coin can be risky. While XRP still has potential, Ethereum’s current momentum makes the “flippening” seem much less likely for now.
