Crypto analyst Egrag Crypto has provided an ultra-bullish outlook for the XRP price. The analyst revealed how XRP could flip the Ethereum price
Crypto analyst Egrag Crypto believes that the XRP price is set to flip the Ethereum price twice, making XRP the second-largest crypto by market cap, after Bitcoin.
In an X post on Monday, the crypto analyst stated that money usually flows from BTC to ETH to other large caps, which triggers the alt season. However, he asserted that this cycle is different as money will flow from BTC to XRP to large caps to mid-caps, after which the alt season will begin.
According to Egrag Crypto, XRP is front-running other coins this time around, which is why he is confident that the crypto could easily become the second largest by market cap. He went on to explain how the XRP price will flip the Ethereum price.
The crypto analyst stated that the first flip will happen when XRP reaches a market cap of around $500 billion, pushing it to between $7 and $8 and flipping ETH in the process. He added that the second round flip would follow when ETH climbs to between $6,000 and $8,000, leading XRP to a blow-off of around $20 to $27, which is a market cap of $1 to $1.3 trillion.
Egrag Crypto also suggested that ETH’s fundamentals are weak, which would make it easy for XRP to flip. He alluded to the fact that Ethereum’s inflation rate has skyrocketed, which discredits its tag as “ultrasound money.”
The crypto analyst’s XRP price prediction comes amid reports that the XRP community is rallying behind the SEC’s recent proposal to allow XRP holders to file amicus briefs in the ongoing lawsuit against Ripple Labs. XRP prices have also been impacted by the recent announcement from Binance that it will be delisting XRP for users in Singapore.
At the time of writing, XRP is trading at $0.42, down by 0.3% over the past day and up by 1.2% over the last week.
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