XRP Could Overtake Ethereum (ETH) to Become the New Altcoin Leader Within the Next Month, Driven by the Trump Effect and a Potential XRP ETF (Exchange-Traded Fund) Launch

XRP could overtake Ethereum (ETH) to become the new altcoin leader within the next month, driven by the Trump effect and a potential XRP ETF (exchange-traded fund) launch, according to Messari analyst Sam Ruskin.

XRP might overtake Ethereum (ETH) to become the new altcoin leader within the next month, driven by the Trump effect and a potential XRP ETF (exchange-traded fund) launch.

According to Messari analyst Sam Ruskin, the crypto could soar by 35% to 50% in the month after Trump’s inauguration.

Ruskin predicts that XRP could become the second-largest cryptocurrency by market capitalization after Trump enters the White House, with ETH’s market cap currently standing at $415.3 billion compared to XRP’s $187.4 billion.

Several metrics suggest that Ethereum is currently overvalued, with open interest for the largest altcoin by market cap at a historical peak, despite ETH’s price being more than 30% down from its all-time high.

Ruskin highlights that this disconnect between ETH’s open interest and price suggests low on-chain demand for the crypto.

Meanwhile, XRP’s open interest “is much healthier” given the crypto’s open interest shows a strong correlation with XRP’s price, the analyst noted.

Trump’s inauguration could be a “buying event” considering the “bullish momentum from recent macro signals,” Ruskin added.

The analyst speculated that leading crypto industry figures such as Ripple CEO Brad Garlinghouse might attend the event, which could bring more attention to XRP and its price.

After Trump enters the White House, Ruskin predicts that there will be a “Senior Investor Coin Rotation” into legacy cryptos such as XRP, Hedera (HBAR), Stellar (XLM) and Cardano (ADA), similar to what was seen shortly after Trump’s election victory was confirmed.

Other developments that could boost XRP’s price mentioned in the post include the possible launch of an XRP ETF and new capital gains tax policies.