How PlutoChain ($PLUTO) Could Make Bitcoin Faster, Cheaper, and More Versatile Than Ever with Layer-2 Scaling, Lower Fees, and Cross-Chain Compatibility

Bitcoin remains the most recognized cryptocurrency, but slow transactions, high fees, and network congestion still limit its practicality.

XRP might be preparing for a rally that could see it overtake Ethereum in terms of market capitalization, according to legal analyst John E Deaton.

In an interview on the Thinking Crypto Podcast, Deaton shared his thoughts on XRP’s potential to surpass ETH in the rankings.

He pointed to the rapid success of Bitcoin spot ETFs, particularly BlackRock's iShares Bitcoin ETF, which has drawn billions in investments. Deaton noted that Wall Street will soon be looking at other crypto assets, and XRP might be next in line.

“I think there's a real good chance that XRP overtakes Ethereum. If XRP overtakes Ethereum, we're talking about, like, eight bucks, and I think that could happen during this bull market. I really do. I think it has a chance. Everybody's like, ‘Oh, XRP to fifty, XRP to eight, XRP to the moon.’ Well, let's just get to eight bucks first.”

Others in the crypto space share a similar outlook. Veteran trader Peter Brandt has predicted that XRP’s market capitalization could reach $500 billion, which would put its price at approximately $8.74.

Meanwhile, Deaton also commented on XRP being the third-largest cryptocurrency, despite the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

“How is it possible that the third-largest cryptocurrency in the world for almost two years now, while being sued by the SEC, continues to maintain its position in the top three? It just goes to show you how strong XRP really is. And I think that once we get this legal victory, which I believe is coming, I think you're gonna see XRP go on a tear like you've never seen before.”

XRP is currently trading at around $2.50, with a 24-hour trading volume of $9.5 billion. The RSI is at 40 right now, which puts XRP in the neutral-to-oversold zone.