Here’s How Much Higher XRP Needs to Go to Become the 2nd Largest Crypto as It Surges Past $3

The XRP price would only need to increase by this % for XRP to finally flip Ethereum on the path to becoming the second-largest crypto asset.

XRP is again outperforming the market, as it has recorded extraordinary gains over the past 24 hours. During this period, the XRP price claimed a new yearly peak of $3.10, its highest price since Dec. 3, 2024, before facing a mild pullback. Despite this, XRP is up 23% in the week.

Amid the impressive performance, discussions around XRP’s potential to flip Ethereum and become the second-largest crypto asset have regained momentum, with AI research platform Sistine Research spearheading it this time.

XRP Price Needed to Flip Ethereum

At the early stages of the upsurge, when XRP claimed the $2.57 mark, Sistine Research noted that XRP price would only need to reach $4 to overtake Ethereum and about $19 to dethrone Bitcoin (BTC) as the largest crypto.

However, it bears mentioning that Sistine’s assessment considered XRP’s fully diluted valuation, which takes into account the total supply of 100 billion tokens and not the circulating supply. Market analyst CryptoInsightUK pointed this out, providing a more practical outlook.

This is accurate hypothetically but not currently.

This is calculating using FDV – Full Diluted Value – ie including all the $XRP in escrow.

If we use circulating supply, we would be looking around $6.60 per $XRP to flip $ETH https://t.co/v3TXKfm8Sv

— Cryptoinsightuk (@Cryptoinsightuk) January 14, 2025

Considering the current circulating supply, the analyst identified that XRP would have to rise to around $6.6 to flip Ethereum. Market data supports this claim, with XRP’s circulating supply now sitting at 57.5 billion, according to CoinMarketCap data.

For context, Ethereum currently has a market cap of $387.5 billion, as its price rises to $3,216. For XRP to surpass this ETH market cap with a circulating supply of 57.5 billion, its price must rise to $6.74, aligning closely with the estimate presented by CryptoInsightUK. From the current price of $3.07, XRP would need to rise 137% to reach $6.74.

XRP Outperforms Bitcoin, Ethereum

Interestingly, several market analysts believe this price is readily attainable for XRP. Last October, following the SEC’s decision to appeal the ruling in the SEC vs. Ripple lawsuit, market watcher EGRAG Crypto insisted that XRP’s worst-case scenario in this bull cycle is around $6. 

Meanwhile, in September 2024, another notable analyst, Cryptobilbuwoo, suggested that XRP was looking to outperform Bitcoin. He predicted this bullish trend could push XRP price to above $6. The first part of his projection has materialized, as XRP outperforms Bitcoin and the rest of the market.

Notably, since September 2024, XRP has increased 203% against Bitcoin, with the XRPBTC ratio now sitting at 0.00002926. In addition, XRP has appreciated by a more substantial 334% against Ethereum since November 2024. This has further bolstered the belief that XRP is capable of flipping Ethereum in the near future.