XRP's Hypothetical Surge: What Happens If It Matches Ethereum's Market Cap?
As two of the crypto market's titans, Ethereum (ETH) and XRP constantly draw comparisons, particularly regarding their market capitalization. A recent analysis explores a hypothetical scenario: what if XRP's market cap were to catch up to Ethereum's? The findings reveal significant potential price points for XRP under such circumstances.
XRP's Price Parity with Ethereum's Current Valuation
Currently, Ethereum commands a market capitalization of approximately $366 billion, with ETH trading around $3,035. XRP, meanwhile, sits at a market cap of about $113.8 billion, trading at $1.88. If XRP were to achieve Ethereum's current market cap, its price would surge to approximately $6.04 per token. This represents a substantial 3.21x increase from its present trading value, purely based on market capitalization alignment without accounting for supply changes.
Surging to Ethereum's All-Time High
The scenario becomes even more dramatic when considering Ethereum's all-time high market cap. At its peak price of $4,946, Ethereum reached a market valuation of about $583.8 billion. Should XRP mirror this valuation, each XRP token could theoretically be priced at around $9.64. Such a feat would signify a remarkable 5.13x increase from XRP's current price.
Implications and Analyst Outlook
These calculations underscore the significant valuation gap between XRP and Ethereum. However, they also highlight the immense growth potential for XRP, especially as it begins attracting increased institutional attention, partly fueled by the launch of Spot XRP exchange-traded funds (ETFs). While these market cap comparisons offer a conservative outlook, positioning XRP in the $6 to $9.64 range, they are notably below some more ambitious double and triple-digit price targets proposed by certain crypto analysts, suggesting a grounded perspective on XRP's potential.
