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Bitcoin Breaks New $ATH — Will $XRP or Ethereum Follow Next?
Bitcoin has officially entered uncharted territory, recently crossing $119,000 and fueling another wave of bullish momentum across the crypto market. Institutional interest is booming again, led by Michael Saylor’s MicroStrategy, which bought 4,225 $BTC worth $472.5 million just days ago. Meanwhile, Binance founder CZ stated that today’s ATHs are “just a fraction” of what’s coming.
But with Bitcoin paving the way, attention is shifting to altcoins — specifically $XRP and Ethereum ($ETH) — both of which are now climbing rapidly. The question is: who will reclaim their $ATH first?
Current Market Snapshot: $XRP vs $ETH
| Token | Current Price | $ATH | Retracement | Last $ATH Date |
|---|---|---|---|---|
| $XRP | ~$2.99 | $3.84 | ~22% below $ATH | January 4, 2018 |
| Ethereum | ~$3,045 | $4,878 | ~37.5% below $ATH | November 10, 2021 |
$XRP: Only 22% Away from Historic High
$XRP has been on a tear this past week, gaining 30% and showing strong technical and on-chain signals. Its all-time high of $3.84 was set over six years ago, during the 2017–2018 bull run. Since then, $XRP has faced regulatory pressure, but recent legal clarity and growing trading volume (now over $11.5 billion daily) are breathing new life into the token.
With renewed confidence, a potential $XRP ETF, and its strong correlation to bull market trends, $XRP could very well hit its $ATH within weeks if momentum continues.
Ethereum: Long-Term Giant With Work to Do
Ethereum recently broke above the key psychological level of $3,000, posting nearly 20% gains in the past 7 days. Its fundamentals remain among the strongest in the market, thanks to ongoing upgrades like Dencun and the upcoming Pectra update. Ethereum powers most of DeFi and NFT ecosystems, and institutions are now buying it alongside $BTC.
However, $ETH still sits ~37.5% below its $ATH of $4,878. While the long-term upside remains strong, the larger climb required might delay its return to $ATH — unless the bull market accelerates significantly.
Momentum Drivers: Saylor, CZ, and the Bitcoin Effect
- MicroStrategy’s $472.5M $BTC purchase confirms institutional buying is back in full swing.
- Ethereum and $XRP are benefitting from this trickle-down effect — rising with broader confidence.
- CZ’s quote from earlier this week added fuel to the long-term optimism: “You might be excited by the current [Bitcoin] $ATH. In a few years, this will be just a fraction.”
Technical Verdict: Who Will Get There First?
- $XRP has a smaller gap to close (only 22%) and stronger near-term momentum.
- Ethereum has broader fundamentals and adoption but requires a 37% rally to hit its $ATH.
If Bitcoin continues to rally and institutions diversify, $XRP could reach its $ATH first, with Ethereum close behind once the macro trend strengthens.
Conclusion: The Altcoin Race Has Officially Begun
The stage is set: Bitcoin has broken out, and altcoins are heating up. While Ethereum remains the undisputed DeFi leader, $XRP’s explosive recovery and proximity to its $ATH give it the edge — at least in the short term. Both are likely to reach new heights in 2025, but for now, $XRP might be first across the finish line.
$BTC, $ETH, $XRP, $Bitcoin, $Ethereum