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At a price of $2.37 per coin XRP It has now become more threatening Ethereum (ETH) Than most people think. To surpass Ethereum's market cap, XRP would need to reach $4.36, which represents an 83.4% increase. This potential shift has drawn attention, reflecting growing interest in XRP's place in the market and recent developments.
Currently, XRP ranks fourth among cryptocurrencies, with a market cap of $136.3 billion. Ethereum, valued at $436.3 billion and priced at $3,621.87, is still a big step forward. Bitcoin is the leader in this sector, with a market capitalization of $1.94 trillion and a price of $97,744.99, showing its dominance.
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XRP's nearly 500% rise in recent months shows there is a lot of growth potential. While its all-time high of over $3.30 from 2018 remains a benchmark, its legal victory in the SEC v. Bitcoin case (SEC v. ripple The case was a major factor in her recovery. The court said that XRP is not a security, which is good for its adoption and investor confidence.
Next year could shape the trajectory of XRP. There is great hope for a shift in the way things are organized, especially since the United States is about to have new political leadership. Many people believe that this could be good for Ripple's continued growth, which in turn will impact XRP's performance.
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Whether XRP can overtake Ethereum depends on whether the market remains interested and whether conditions are favourable. It is worth considering the possibility of creating an XRP ETF, which would also open new avenues for both the cryptocurrency and investors.
Disclaimer: The opinions expressed by our writers are their own and do not represent the opinions of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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