An influential crypto analyst has predicted XRP’s price could soon overtake Ethereum’s, driven by recent regulatory clarity, Ripple’s international expansion, and a favorable U.S. political shift. This ambitious prediction points to XRP gaining dominance amid shifting market dynamics and growing pro-crypto sentiment.
Analyst Highlights Key Factors for XRP’s Potential to Surpass Ethereum
Dark Defender provided five arguments in an X post that show how the price of XRP can reverse the trend of Ethereum. To start, he said that Judge Analisa Torres' decision that XRP is not a security is great news for the coin.
Second, he made passing reference to the many advancements that Ripple has achieved. He may have been omitting certain recent events, although they may include the crypto firm's approval to extend its payment services to the UAE by the DFSA, among others.
As more evidence that the XRP price can overtake Ethereum's, Dark Defender brought up forthcoming cryptocurrencies such as the RLUSD stablecoin and Central Bank Digital Currencies (CBDCs). New information suggests that Ripple is considering launching a stablecoin in the United Arab Emirates backed by the Dirham.
Ripple’s Advancements in Global Markets
Finally, the expert added that the US is going to transform into a crypto-friendly climate once President-elect Trump takes office, since he is pro-crypto. Regardless of these factors, Ethereum flipping will be an enormous undertaking including XRP.
At $365 billion, Ethereum's market valuation ranks second among all cryptocurrencies, while XRP's $31 billion puts it in seventh place. Having said that, XRP was the second-largest cryptocurrency a decade ago, right behind Bitcoin.
For the reasons that Dark Defender stated, the XRP price has the potential to challenge Bitcoin's dominance. He made the observation that XRP will surpass Bitcoin in regulatory clarity, making it the dominant cryptocurrency.
Challenging Bitcoin’s Dominance
Nonetheless, the fact that Bitcoin is not a security has always been clear. The chief crypto's status as a non-security has been acknowledged by US SEC Chair Gary Gensler. For the same reason, the Commission had no problem with the Bitcoin ETF issuers submitting S-1 forms prior to their approval.
At the same time, the analyst predicted that the price of XRP will shortly begin a bull run. More specifically, he predicted that November 24th will mark the start of this XRP bull run. He asserts his certainty in this outcome by stating that, similar to January 2021, the monthly RSI for Bitcoin Dominance has reversed. The price of XRP jumped from $0.170 to $1.966 in 2021 as a result of this.
XRP’s Expected Bull Run Predicted to Begin Soon
Mikybull Crypto, another cryptocurrency analyst, has expressed optimism about the future of the XRP price. A massive acceleration is on the way, he said in an X post.
The coin's performance after previous election cycles, which typically results in a big rally, was mentioned by him. The accompanying chart he provided indicated that $19 could be a potential objective.