Over the past months, we have seen XRP hit new highs. However, some think it might surpass Ethereum’s market value during this cycle, while others think that’s a completely unrealistic notion. Veteran analyst Nick, with over 187,000 subscribers, made a video explaining this possibility.
While many investors doubt this could happen, Nick laid out his reasoning for why XRP’s price might see such a big jump. He noted that if Ethereum hits $7,500 or $10,000 per token, its total value would be over $1 trillion. That means for XRP to move ahead of Ethereum, its price would need to go above $10 and possibly up to $20.
Market sentiment appears divided on whether this shift could happen. Some investors consider XRP’s current valuation and historical trends as barriers. The talk of an XRP exchange-traded fund (ETF) and growing interest from big financial institutions has got people speculating about where the price might go.
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XRP ETF Filings Gain Momentum Amid Institutional Interest
Talks surrounding an XRP ETF have intensified over the past year. With Bitcoin and Ethereum ETFs already launched, Nick believes XRP could be next in line. Ripple’s president, Monica Long, recently addressed this topic, stating that more crypto spot ETFs are likely to be introduced this year. Several companies, including Canary, have already submitted filings for an XRP ETF.
Nick suggests that an approved ETF could drive more capital into XRP, increasing its adoption and trading volume. Historical trends indicate that ETFs can lead to increased market liquidity, as seen with Bitcoin. However, the impact of an XRP ETF remains speculative until regulatory approvals materialize.
Institutional Players and Retail Investors Eye XRP’s Growth
Big investment firms are starting to pay attention to XRP. Companies like Grayscale, BlackRock, and Fidelity might want to make an XRP ETF. Nick says an ETF opens the doorway to more investing in XRP because that is essentially what occurred in Bitcoin when an ETF got settled.
Furthermore, XRP is seen by many investors as a less expensive option than Ethereum and Bitcoin. Supporters of XRP believe that its value can rise dramatically given that Bitcoin is currently worth over $99,000. Several traders believe an ETF would bring in more buyers, moving XRP’s price higher.
Read Also: Why Is The Crypto Market Down Today as Bitcoin Price Drops Below $100k
Will XRP Surpass Ethereum This Cycle?
The debate continues, and no one knows for sure. We’ll need to look at market conditions, what regulators decide, and how big financial players move forward. Some think XRP has a good shot, but others point out that Ethereum is already huge and has a ton of projects built on it.
A lot of people keep watching XRP’s price, especially with all the ETF talk happening now. But moving past Ethereum won’t be simple – it depends on where the market goes and what regulators do about crypto.
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