XRP Poised to Challenge Ethereum to Regain Second Spot Among Cryptocurrencies

XRP’s Recent Surge

XRP is showing strong growth potential, with recent gains propelling it to become the biggest gainer in the past month. Surpassing its 2021 peak, XRP reached seven-year highs, reclaimed the $2 price mark, and achieved a new all-time high market cap.

Historical Significance

During late 2017 and early 2018, XRP held the second spot among cryptocurrencies in terms of market capitalization before facing legal challenges. At its peak, XRP was the second most valuable crypto asset, only behind Bitcoin.

In December 2024, XRP overtook Binance Coin, Solana, and Tether to become the third largest crypto asset with a market cap exceeding $160 billion.

The Race for Second Place

With a current valuation of $156.8 billion and a price of $2.75, XRP is on track to challenge Ethereum’s position as the second largest crypto asset. To exceed Ethereum’s market cap of $439.6 billion, XRP would need to reach a price of $7.71 per coin, representing a potential rally of less than 200% from its current level.

Can XRP Reach $7?

Analysts draw parallels between XRP’s current trajectory and its historic rally in 2017/2018 when it surged by nearly 60,000% to reach an all-time high of $3.31. With a recent 283% increase, XRP could potentially surpass the $7 mark and challenge Ethereum’s position, provided Ethereum’s price remains stable.

Investors should conduct thorough research before making any investment decisions as market conditions can change rapidly.