XRP Could Soon Surpass Ethereum to Become the Second-Largest Cryptocurrency by Market Capitalization

A former Goldman Sachs analyst, Dom Kwok, has sparked excitement in the crypto world by predicting that XRP could soon surpass Ethereum to become the second-largest cryptocurrency by market capitalization.

A former Goldman Sachs analyst has predicted that XRP could soon surpass Ethereum to become the second-largest cryptocurrency by market capitalization.

Dom Kwok made the prediction based on XRP’s performance since November 2024, which he said has seen it outpace much of the broader market with a significant rally.

As of January 19, 2025, XRP’s market cap stands at a remarkable $177 billion, while Ethereum’s is around $407 billion. For XRP to overtake Ethereum, its price would need to increase by 129.5%, reaching approximately $7.07 per coin.

Given XRP’s current price point, this would require a substantial surge, but the momentum seen in recent months has fueled growing speculation about this possibility.

Kwok attributed XRP’s rise to several factors, particularly the increasing interest in real-world asset tokenization using the XRP Ledger, which has made it a go-to platform for decentralized finance (DeFi) solutions.

Additionally, the cryptocurrency’s favorable regulatory outlook in the United States has added to its appeal, especially as the US has been more open to adopting blockchain technologies.

These developments have contributed to a significant surge in XRP’s price, which has jumped by an impressive 351% relative to Ethereum since November 2024.

The potential for XRP to flip Ethereum is further supported by the broader shift in the cryptocurrency market. Investors are increasingly attracted to projects that offer real-world use cases, and XRP’s platform is positioned to capitalize on the growing demand for tokenized assets.

The continued development of the XRP ecosystem, alongside its expanding partnerships, has bolstered confidence in the token’s future.

However, surpassing Ethereum would still require substantial growth and sustained momentum. Ethereum remains a dominant force in the cryptocurrency space, largely due to its wide adoption and strong developer community.

Despite this, XRP’s rapid ascent and Ethereum’s ongoing challenges, such as high gas fees and scalability issues, have put the spotlight on XRP as a potential challenger.

In conclusion, while Kwok’s prediction is bold, it highlights a growing sense of optimism surrounding XRP’s future. If the positive trends continue, it could be a matter of time before XRP truly gives Ethereum a run for its money in the battle for cryptocurrency dominance.