Crypto Expert Says the Greatest XRP Price Move Is About to Happen – Here's Why

Over the past months, we have seen XRP hit new highs. However, some think it might surpass Ethereum's market value during this cycle, while others think that's a completely unrealistic notion. Veteran analyst Nick, with over 187,000 subscribers, made a video explaining this possibility.

A popular crypto YouTuber has shared his thoughts on the possibility of XRP (XRP) outpacing Ethereum (ETH) in market capitalization during this bull cycle.

The YouTuber, known as Veteran Nick, has over 187,000 subscribers on the platform. In a recent video, he discussed the potential for XRP’s price to make a large move, arguing that it could happen if ETH continues to rally.

“If Ethereum does hit $7,500 or $10,000 per token, we're talking about a total valuation of over $1 trillion. For XRP to move ahead of Ethereum, we're talking about XRP needing to go above $10 and possibly up to $20.”

However, he also acknowledged the skepticism surrounding such a scenario, given XRP’s current market capitalization of around $450 billion and Ethereum’s dominance.

“I know many of you are thinking that XRP moving ahead of Ethereum is completely out of the question. But let's break down the math and see how it could be possible.”

Despite the skepticism, XRP’s price has surged significantly in recent months, outperforming both Bitcoin (BTC) and Ethereum. At the time of writing, XRP is trading at around $1.5, close to its highest level since April 2021.

Several factors have contributed to XRP’s strong performance, including the increasing demand for the token from large financial institutions and the talk of an XRP exchange-traded fund (ETF).

Several companies, including Canary, have already submitted filings for an XRP ETF. If approved, an ETF would make it easier for investors to add XRP to their portfolios, which could increase demand for the token and drive its price higher.

“Multiple Canary filings for an XRP ETF were submitted earlier this year. Several filings for a Bitcoin ETF were also submitted before it finally got approved. An ETF could bring in more capital, increasing XRP's adoption and trading volume.”

However, the impact of an XRP ETF on the token’s price is likely to remain a topic of speculation until regulatory approval is granted.