A new debate broke out in the crypto community this week after a Bitcoin analyst claimed that the XRP price at $2 carries more real value than Solana at $200 – and surprisingly, the math actually backs him up.
The discussion started because XRP holders have been arguing for months that the token is still massively undervalued.
Even at around $2.19 today, many believe the XRP price should be worth far more. Some even throw out targets like $100 or $1,000. Critics usually fire back by pointing to XRP huge supply – more than 60 billion tokens – which makes those projections seem unrealistic.
That’s where investor Jake Molter jumped in. He reminded people that other top assets once made huge moves in very short periods.
The Ethereum price went from $9 to over $360 in six months back in 2017, and Solana climbed from $2 to nearly $200 in just nine months in 2021. His point was simple: if those assets could explode like that, the XRP price shouldn’t automatically be counted out.
But another user pushed back, saying those rallies happened when market caps were much smaller and easier to move. Molter agreed, but he argued that today’s market is different because institutions are now part of the game.
In his view, large players with deep pockets can fuel new waves of liquidity – and market caps won’t look the same five or ten years from now.
Discussions around the XRP value have grown louder as crypto community figures argue over whether the token deserves a much higher price.
— TheCryptoBasic (@thecryptobasic) November 27, 2025
Notably, multiple XRP proponents insist that XRP trades far below its real value at the current price of around $2. For context, XRP…
That’s when Bitcoin advocate Dave Weisberger stepped in with the statement that sparked the headline. He said the XRP price at $2 already holds more total value than Solana at $200 – meaning it takes far more capital to push XRP higher from here.
He’s right mathematically. Ripple’s XRP circulating supply is about 60.25 billion tokens. At $2, that puts its market cap around $120 billion.
Solana, meanwhile, has a circulating supply of about 559 million tokens. At $200, its market cap is around $112 billion. So even though the SOL price per unit is much higher, XRP is still the bigger asset overall.
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Weisberger used this example to explain a bigger point: going from a $120 billion market cap to $10 trillion is a completely different challenge than going from $1 billion to $100 billion. He thinks too many XRP fans focus on the token’s “price per coin” without looking at the full market value.
He also pushed back against extreme predictions that the XRP price would skyrocket if fiat currencies collapsed.
In his view, XRP actually performs best in a world where major currencies remain strong, because the XRP Ledger was built to make cross-border payments smoother – not to replace national currencies.
In the end, the debate shows two sides of the same sentiment: XRP has supporters who truly believe its biggest move is still ahead, and analysts who caution that supply and market structure still matter.
Whether the XRP price can break out the way Ethereum and Solana once did is still an open question – but it’s clear this argument isn’t going away anytime soon.
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