Current Market Position of XRP
As the crypto market experiences a resurgence, XRP has seen a 7% increase over the past week, currently trading at $2.37**. This places its market capitalization at **$138.97 billion, securing the fourth position among top cryptocurrencies.
Key metrics:
- Circulating Supply: 58.55 billion XRP
- Distance to Third Place: $10.79 billion gap behind **USDT** ($149.76B)
- Price to Overtake USDT: An 8% rise to $2.56 would reclaim the third spot.
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The Challenge of Claiming the Second Spot
While the XRP community eagerly targets the second position, Ethereum (ETH) remains a formidable barrier. Despite XRP’s 385% growth since November 2024, ETH’s recent 33% surge to $2,400 has widened the market-cap gap:
- ETH Market Cap: $291 billion
- XRP’s Additional Requirement: $152 billion to surpass ETH.
Price Projection for XRP as #2
To achieve this:
- XRP Price Must Reach: $4.97–$5.00 (a 111% increase from $2.37).
- Market Cap Implication: $291 billion, matching ETH’s current valuation.
Analyst predictions:
- Dark Defender (Feb 2025): ABC correction could propel XRP to $5–$8.
- Vincent Van Code (Dec 2024): Projected $5 by February 2025 (unrealized).
Historical Context and Future Outlook
XRP last held the second position in 2017 but underperformed for seven years. Key considerations:
- ETH’s Growth: May further elevate the market-cap benchmark.
- XRP’s Volatility: Past rallies (e.g., 600% to $3.3 in Jan 2025) show potential but require sustained momentum.
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FAQ Section
Q1: How far is XRP from becoming the second-largest crypto?
A1: XRP needs a **$152B market-cap increase** ($291B total) to surpass Ethereum.
Q2: What price would XRP reach if it flipped ETH?
A2: Approximately **$5.00** (111% rise from $2.37).
Q3: Why has XRP struggled to overtake ETH?
A3: ETH’s periodic surges and developer ecosystem have maintained its lead despite XRP’s gains.
Q4: Are analyst predictions for XRP reliable?
A4: Predictions vary; always cross-reference with market trends and fundamentals.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risks; conduct independent research before deciding.