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As $XRP continues to deliver stellar performance while Ethereum largely sees minimal movement, the gap between both assets continues to narrow.
As of today, $XRP’s market cap stands at $155 billion based on its current circulating supply. Meanwhile, its fully diluted market cap (FDV) sits at $267 billion when accounting for escrowed tokens.
On the other hand, Ethereum maintains a consistent market cap and fully diluted cap, both standing at $331 billion.
With these close figures, commentaries have flooded the crypto community, suggesting that $XRP could finally overtake Ethereum with just a 16% price surge from current levels.
In a tweet, Nic, Co-founder of Coin Bureau, highlighted that the $XRP/$ETH chart shows a major uptrend of 451% since November 2024. This suggests that $XRP’s price has grown nearly five times against Ethereum over the past four months.
As a result, he concluded that the much-awaited flip is just a 50% price rally away.
How Much Must $XRP Rise to Flip Ethereum?
As $XRP trades at $2.67 with an FDV of $267 billion, just a 24.70% price increase would be sufficient to attain a full cap of $333 billion, putting it ahead of Ethereum.
However, based on the popular ranking metric, which uses circulating supply, this valuation would not be enough to secure $XRP the second spot.
Specifically, a 25% surge would only elevate $XRP’s price to $3.33, resulting in a market cap of $193 billion. Interestingly, $XRP briefly held this position in mid-January but did not surpass Ethereum.
For $XRP to attain a $333 billion cap from its current valuation of $155 billion, a more significant price movement is needed. Specifically, $XRP’s price would need to increase by approximately 115% to reach a $333 billion cap. At this point, its price would be $5.76.
In this scenario, $XRP would secure a spot behind only Bitcoin, becoming the second-largest crypto asset. Moreover, $XRP’s fully diluted cap would be $576 billion at that price, placing it even farther ahead of Ethereum.
Notably, these estimations assume that Ethereum’s price remains stagnant or decreases while $XRP continues to rise.
With Ethereum currently trading at $2,748, any further price advancements, such as reaching psychological levels like $2,800 or $3,000, would further delay the much-anticipated $XRP flip.