Top Analyst Explains Why Ripple (XRP) Will Dethrone Ethereum and Rival Bitcoin

Ripple has shown strength and consistency for many years. Even when it was having legal issues, the crypto continued its position in the top 10 ranks.

Crypto analyst Matthew Perry is a huge fan of Ripple (XRP), and he isn’t afraid to make some bold predictions. In a recent analysis, Perry claimed that not only will XRP be overtaking Ethereum, but it’s also going to be going head-to-head with Bitcoin for the top spot.

Most people don’t realize just how close XRP is to becoming the second-biggest cryptocurrency, says Perry, who calls it “insane” that Ripple could soon be in second place with the vast majority of its gains still to come.

XRP Price Could Skyrocket as Ripple Flips Coins in Ranks

“XRP will eventually become the number one cryptocurrency in the world,” Perry stated with complete confidence.

The analyst isn’t sure if it will happen this year, next year, or further down the line, but he has no doubt that “it’s going to happen.”

At the time of writing, XRP is still ranked sixth with a $130 billion market cap, compared to Bitcoin’s $1.8 trillion. But as Perry highlights, XRP price has already surged 303% in the last 12 months, even with a 10% dip last month.

An error occurred displaying this content. If you are using an adblocker, it may be preventing some of the code from displaying. Disable your adblocker and refresh the page. If you are not using an adblocker, try refreshing the page. Otherwise, contact emailtoadmin@gmaill.com.

According to the analyst, XRP is occasionally switching places with Tether in the top five coins. But for Perry, it’s a “huge accomplishment” for a coin to be flipping positions with a stablecoin like Tether.

With $5.8 billion in daily trading volume, he believes the Ripple price has a long way to go before it even reaches its previous all-time high of about $3.40.

Why Is Bitcoin Worse Than Ripple According to Perry?

But here is where Perry really makes his case. He keeps it simple: XRP is just more useful than Bitcoin in the real world.

“Bitcoin takes like 15 minutes for transactions. Who wants to wait that long?” Perry asks. “XRP gets it done in seconds, uses way less energy and it costs nearly nothing to send.”

He adds that Bitcoin is still valued because it’s like digital gold, something governments and institutions are investing in as a store of value. But as people become more interested in using crypto for daily payments, thinks Perry, Bitcoin is going to lose its hold on the top spot.

It’s like how we consume content today. We can send videos instantly to billions of people around the world. But shouldn’t our money move that quickly too?

That’s where XRP comes in: it’s the cryptocurrency of the future, built for an age when value needs to travel at the speed of information.

Perry says he used to be worried about the SEC lawsuit against Ripple, but now he thinks those fears were overblown. His faith in XRP has only grown stronger and he thinks it’s just a matter of time before it claims the #1 spot in crypto.