XRP（XRP）与Ether（ETH）的价格在周末五年来达到其最高水平，扩大了其恢复。

3月15日，XRP/ETH对自2020年4月以来首次触及0.00128 ETH。从其历史低至0.00013 ETH的历史低点时，这相当于925％的反弹

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）与Ether（ETH）价格的相对强度在周末五年来达到了最高水平，持续较小的加密货币的恢复。

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日以来，XRP/ETH对首次触及了0.00128 ETH。这是925％的集会，比其历史最低的0.0013 ETH，在2024年6月击中，自2024年11月以来，唐纳德·特朗普赢得了美国总统大选。

XRP/ETH weekly price chart. Source: TradingView

XRP/ETH每周价格图。资料来源：TradingView

XRP breakout potential versus ETH

XRP突破潜力与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中的集会促进了市场观察家之间的猜测，即XRP可以超越以太，成为市值通过市值成为第二大加密货币。

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，在社交媒体平台X（以前是Twitter）的技术分析上闻名的分析师DOM重点介绍了0.0012 ETH是历史上显着的抵抗水平，这一门槛一直在过去的周期中一直爆炸性地集会。他说，XRP在打破这种抵抗力后已经抛弃了抛物线，在以前的情况下至少获得了160％的收益。

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

XRP/ETH 12小时的价格图表。资料来源：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.

他以三个关键的突破点（2017年初，2017年底和2018年）证明了这一点，当时XRP在确认违反了0.0012 ETH的抵抗力后对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再次测试了这个关键水平。如果历史重演，即使是部分80％的集会也足以让XRP在市值中翻转ETH，尤其是在2025年Ether的价格风险更高时。

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

相关：XRP价格有望在连锁反应后获得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的市值为1380亿美元，击中以太坊的价格不到1000亿美元。更重要的是，XRP的完全稀释的估值（FDV）本周早些时候短暂地超过了以太坊。

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代表所有令牌的总理论价值，包括尚未流通的代币，而市值仅考虑当前可用的代币。

Why is Ethereum lagging XRP?

为什么以太坊滞后XRP？

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

自从特朗普于11月5日连任以来，市场主导地位的转变使XRP的增长增长了300％以上。

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

XRP.D vs. ETH.D每日价格图表。资料来源：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，与其他顶级加密资产相比，以太坊损失了超过35.50％的市场份额，这明显缺乏以太币的兴趣。

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.

这种差异的关键因素是监管情绪。特朗普将美国定位为未来的“世界加密资本”，任命亲克莱普托监管机构，并承诺创造一个更有利的环境。

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

这种转变特别使XRP受益，该XRP迎合了企业用户，尤其是当Ripple在2月推出了机构Defi路线图时。

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

同时，由于竞争对手1的区块链（尤其是Solana（Sol））的竞争不断上升，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升级将以太坊的交易费用削减了95％，旨在提高可扩展性。但是，它还降低了ETH燃烧率，增加了供应并削弱了其通缩吸引力和“超声波资金”的叙述。

ETH supply rate since the Merge. Source: UltraSound Money

自合并以来的ETH供应率。资料来源：超声波资金

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

同时，索拉纳（Solana）的统治地位上升了，其交易量现在与以太坊及其所有第2层连锁店相当。

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.

该网络的更快，更便宜的交易使其成为Defi活动，Memecoin交易和NFT市场的首选平台，以前以以太坊主导。这种转变侵蚀了以太坊的市场份额，尤其是在寻求高速，低成本交易的贸易商和开发商中。