XRP（XRP）與Ether（ETH）的價格在周末五年來達到其最高水平，擴大了其恢復。

3月15日，XRP/ETH對自2020年4月以來首次觸及0.00128 ETH。從其歷史低至0.00013 ETH的歷史低點時，這相當於925％的反彈

Relative strength in the price of XRP (XRP) versus Ether (ETH) reached its highest level in five years over the weekend, continuing the recovery in the smaller cryptocurrency.

XRP（XRP）與Ether（ETH）價格的相對強度在周末五年來達到了最高水平，持續較小的加密貨幣的恢復。

The XRP/ETH pair touched 0.00128 ETH for the first time since April 2020 on March 15. That represents a 925% rally from its all-time low of 0.0013 ETH, hit in June 2024, and around 620% gains since November 2024, when Donald Trump won the U.S. presidential election.

自2020年4月15日以來，XRP/ETH對首次觸及了0.00128 ETH。這是925％的集會，比其歷史最低的0.0013 ETH，在2024年6月擊中，自2024年11月以來，唐納德·特朗普贏得了美國總統大選。

XRP/ETH weekly price chart. Source: TradingView

XRP/ETH每週價格圖。資料來源：TradingView

XRP breakout potential versus ETH

XRP突破潛力與ETH

The rally in XRP/ETH is fueling speculation among market watchers that XRP could overtake Ether to become the second-largest cryptocurrency by market capitalization.

XRP/ETH中的集會促進了市場觀察家之間的猜測，即XRP可以超越以太，成為市值通過市值成為第二大加密貨幣。

For instance, analyst Dom, known on the social media platform X (formerly Twitter) for his technical analysis, highlights 0.0012 ETH as a historically significant resistance level, a threshold that has consistently preceded explosive rallies in past cycles. He says that XRP has gone parabolic after breaking this resistance, delivering gains of at least 160% in previous instances.

例如，在社交媒體平台X（以前是Twitter）的技術分析上聞名的分析師DOM重點介紹了0.0012 ETH是歷史上顯著的抵抗水平，這一門檻一直在過去的周期中一直爆炸性地集會。他說，XRP在打破這種抵抗力後已經拋棄了拋物線，在以前的情況下至少獲得了160％的收益。

XRP/ETH 12-hour price charts. Source: TradingView/Dom

XRP/ETH 12小時的價格圖表。資料來源：TradingView/dom

He demonstrated the same with three key breakout points—in early 2017, late 2017, and 2018 when XRP’s surges against Ether after a confirmed breach of the 0.0012 ETH resistance.

他以三個關鍵的突破點（2017年初，2017年底和2018年）證明了這一點，當時XRP在確認違反了0.0012 ETH的抵抗力後對Ether的激增。

As of March 16, XRP was again testing this crucial level. If history repeats itself, even a partial 80% rally would be enough for XRP to flip ETH in market capitalization, DOM suggests, especially as Ether’s price risks more downside in 2025.

截至3月16日，XRP再次測試了這個關鍵水平。如果歷史重演，即使是部分80％的集會也足以讓XRP在市值中翻轉ETH，尤其是在2025年Ether的價格風險更高時。

Related: XRP price poised for 46% gains after Ripple secures first Dubai license

相關：XRP價格有望在連鎖反應後獲得46％的收益

At $138 billion, XRP’s market cap is less than $100 billion short of hitting Ethereum’s. What’s more, XRP’s fully diluted valuation (FDV) briefly outpaced Ethereum earlier this week.

XRP的市值為1380億美元，擊中以太坊的價格不到1000億美元。更重要的是，XRP的完全稀釋的估值（FDV）本週早些時候短暫地超過了以太坊。

For context, FDV represents the total theoretical value of all tokens, including those not yet in circulation, while market capitalization only accounts for tokens currently available.

在上下文中，FDV代表所有令牌的總理論價值，包括尚未流通的代幣，而市值僅考慮當前可用的代幣。

Why is Ethereum lagging XRP?

為什麼以太坊滯後XRP？

The shift in market dominance has seen XRP’s rise by over 300% since Trump’s reelection on Nov. 5.

自從特朗普於11月5日連任以來，市場主導地位的轉變使XRP的增長增長了300％以上。

XRP.D vs. ETH.D daily price chart. Source: TradingView

XRP.D vs. ETH.D每日價格圖表。資料來源：TradingView

The same period has seen Ethereum lose over 35.50% of its market share, highlighting a clear lack of interest among traders for Ether compared to other top-ranking crypto assets.

同期，與其他頂級加密資產相比，以太坊損失了超過35.50％的市場份額，這明顯缺乏以太幣的興趣。

A key factor in this divergence is regulatory sentiment. Trump has positioned the U.S. as the future “world’s crypto capital,” appointing pro-crypto regulators and pledging to create a more favorable environment.

這種差異的關鍵因素是監管情緒。特朗普將美國定位為未來的“世界加密資本”，任命親克萊普托監管機構，並承諾創造一個更有利的環境。

This shift has especially benefited XRP, which caters to enterprise users, especially as Ripple unveiled an institutional DeFi roadmap in February.

這種轉變特別使XRP受益，該XRP迎合了企業用戶，尤其是當Ripple在2月推出了機構Defi路線圖時。

Meanwhile, Ethereum has slid due to rising competition from rival layer-1 blockchains, particularly Solana (SOL).

同時，由於競爭對手1的區塊鏈（尤其是Solana（Sol））的競爭不斷上升，以太坊滑行。

The Dencun upgrade in March 2024, which slashed Ethereum’s transaction fees by 95%, was meant to improve scalability. But it has also reduced ETH burn rates, increasing supply and weakening its deflationary appeal and “ultrasound money” narrative.

2024年3月的Dencun升級將以太坊的交易費用降低了95％，旨在提高可擴展性。但是，它還降低了ETH燃燒率，增加了供應並削弱了其通縮吸引力和“超聲波資金”的敘述。

ETH supply rate since the Merge. Source: UltraSound Money

自合併以來的ETH供應率。資料來源：超聲波資金

At the same time, Solana’s dominance has risen, with its trading volume now comparable to Ethereum and all its layer-2 chains combined.

同時，索拉納（Solana）的統治地位上升了，其交易量現在與以太坊及其所有第2層連鎖店相當。

The network’s faster and cheaper transactions have made it the go-to platform for DeFi activity, memecoin trading, and NFT markets, previously dominated by Ethereum. This shift has eroded Ethereum’s market share, especially among traders and developers seeking high-speed, low-cost transactions.

該網絡的更快，更便宜的交易使其成為Defi活動，Memecoin交易和NFT市場的首選平台，以前以以太坊主導。這種轉變侵蝕了以太坊的市場份額，尤其是在尋求高速，低成本交易的貿易商和開發商中。