thecryptobasic.com
The initially strong outlook of $XRP flipping Ethereum this cycle is gradually taking a back seat as the gap $XRP needs to close continues to widen.
Some prominent market commentators who loudly called for the $XRP flippening are now backtracking on that view. This comes as Ethereum ($ETH) stages a streak of strong green candles without subsiding, while $XRP remains largely idle.
Among those backtracking on that outlook is widely followed technical analyst Charting Guy. In a tweet on Tuesday, he highlighted how from November 2024 to January 2025, $XRP exhibited massive momentum to flip $ETH in market cap.
“That’s No Longer the Case”
However, Charting Guy, in his latest commentary, says this outlook is “no longer the case.”
He disclosed that he re-invested in $ETH in April near the bottom, and it has shown immense strength since. Today, $ETH is trading just 10% away from its all-time high.
Notably, $ETH touched $4,678 today. Considering its $1,380 price in April, that’s a massive 239% gain so far. At press time, $ETH is only 5.11% below its all-time high of $4,891, trading at $4,633.
Its market cap is now $559 billion compared to $XRP’s $191 billion. This means the gap between the two is now over $368 billion. Meanwhile, as of July 13, the gap between $XRP and $ETH was less than $200 billion.
While $ETH has pumped by 52% in the last four weeks, Charting Guy sees Ethereum progressing further. However, for $XRP, he noted that it probably has only a 2.5x max left from its current position.
Trading at $3.22, a 2.5x increase would give $XRP a price of about $8 with a potential valuation of $477 billion, which would still be below Ethereum’s current market cap. Considering $ETH may not stay idle while $XRP surges 2.5x, the gap could widen even further.
Hold $XRP and $ETH
Considering this, Charting Guy warned market participants against listening to $XRP “moon boys” calling for lofty prices for $XRP while disregarding $ETH. He urged investors to instead own both assets to be better positioned than to be a maxi.
He stressed that $ETH’s outperformance and strength were overdue, as it has largely lagged behind Bitcoin this season.
Steep Climb for $XRP to Overtake Ethereum
Prominent $XRP advocate Bill Morgan agrees with Charting Guy’s view that $XRP may not flip $ETH this cycle. Morgan stated the widely anticipated flippening will not occur this cycle—maybe some other season.
Not this cycle. $XRP will not overtake $ETH https://t.co/YyVgPgaoOS
— bill morgan (@Belisarius2020) August 12, 2025
Among popular outlooks for $ETH this season are prices above $10,000. According to Fundstrat CIO Tom Lee, Ethereum could reach $16,000 this cycle with a market cap of $1.92 trillion. Meanwhile, Carl Moon suggests $ETH may hit $25,000, leading to a market cap of $3 trillion.
On the other hand, popular “realistic” forecasts for $XRP suggest prices between $10 and $20, which would give it a market cap just above $1.1 trillion.