Crypto educator Edoardo Farina has claimed that XRP is aspiring for the top position in the crypto asset rankings.
This ambitious perspective suggests that XRP will not only surpass Ethereum but also displace Bitcoin to become the most valuable crypto.
As of today, XRP holds a market cap of $138 billion, ranking it as the fourth-largest crypto asset. In contrast, Bitcoin maintains a significant lead with a valuation of $2.16 trillion.
Notably, this market cap allows Bitcoin to rank above major companies like Alphabet (Google) and Meta Platforms (Facebook) in the global ranking of the most valuable assets. With BTC in sixth position, only Amazon, Apple, Microsoft, NVIDIA, and gold rank higher than Bitcoin.
Despite the formidable journey ahead, XRP proponents like Farina continue to believe that XRP is destined to reach the top spot in the crypto market, achieving trillion-dollar valuations like Bitcoin.
Given this optimism, The Crypto Basic recently estimated the price XRP would need to reach in order to match Bitcoin’s market cap and potentially surpass it.
At What Price Would XRP Overtake Bitcoin?
Currently, XRP has a circulating supply of about 59 billion tokens. Assuming this supply remains constant, a valuation of $2.2 trillion, slightly above Bitcoin’s, would require XRP to be priced at around $37.30 per token.
With XRP currently at $2.34, reaching $37.30 would require approximately 1,500% growth. If XRP were to rise by this margin while Bitcoin’s value remained static, XRP could become the leading cryptocurrency.
However, this is a purely hypothetical scenario. XRP may not achieve such a massive price appreciation without Bitcoin also increasing in value. Any further growth in Bitcoin’s price would widen the gap, making it more difficult for XRP to claim the top spot.
When Could XRP Reach $37?
Regarding when XRP could reach $37, opinions among market watchers vary widely. For instance, analyst XForceGlobal has predicted that XRP could reach $40 within this year. Meanwhile, Dustin Layton believes it could even surpass $50 by the end of 2025. These forecasts often rely on XRP’s technical indicators and historical price trends.
Conversely, research platforms are projecting much longer timelines for XRP to reach the $37 mark.
For example, the prediction platform Telegaon estimates XRP could hit $37 by 2030. Asset manager Bitwise also forecasted a potential high of $30 by 2030 under extremely bullish conditions.
Changelly, on the other hand, offers a more conservative outlook, suggesting XRP might not reach $37 until 2032.
Essentially, while many of these forecasts lean toward caution, several independent analysts within the XRP community remain more optimistic about XRP’s long-term potential.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
