How Much Will 1 XRP Price Be Worth If Its Market Cap Equaled Ethereum’s?

Ripple (XRP) price can easily flip Ethereum by market capitalization as it continues to outperform the largest altcoin. Tradingview data shows that the XRP/ETH ratio has soared to its highest level in five years. This uptrend has sparked speculation among XRP holders that it could rival Ethereum. This article explores how much XRP would be worth if it equaled Ethereum’s market cap.

How Much Will XRP Price Be If Its Market Cap Equaled Ethereum’s

XRP has a market cap of $143 billion which is nearly 50% the market cap of Ethereum. Ripple also has a circulating supply of 58.12 billion coins. 

If XRP price recorded a parabolic rally and its market cap equaled that of Ethereum while the circulating supply remained constant, Ripple would be worth $4.08. 

Additionally, Ethereum’s all-time high market cap was $571 billion posted in November 2021. In case of a bull market, where both Ethereum and XRP price rally, Ripple would have to reach $9.82 to equal ETH’s all-time high market cap. 

This means that in a bear market, XRP would have to reach $4.08 to flip Ethereum while in a bull market, Ripple would be worth nearly $10 to equal Ethereum’s record high market cap of $571 billion. 

However, it is important to note that XRP’s maximum supply is 100 billion tokens. In 2017, Ripple changed XRP tokenomics and placed 55 billion XRP in escrow. If Ripple released the entire supply of 100 billion tokens, XRP would be worth between $2.40 and $5.71 to equal Ethereum’s market cap. 

Bullish Catalysts That Would Drive XRP Price Rally

It is possible for XRP to equal Ethereum’s market cap because of several catalysts that will support an uptrend. The first is rising institutional interest. The recently launched spot XRP futures by Bitnomial and the pending approval of spot XRP ETFs could drive massive gains toward the $4 to $10 price target. 

Former Fox reporter Eleanor Terrett has also confirmed that Trump’s pick for SEC Chair, Paul Atkins, will appear before the US banking committee for his nomination hearing. The XRP community anticipates that Atkin’s confirmation will see the SEC formally issue a statement confirming the end of Ripple’s case. 

High institutional demand and a formal end of this case are the main catalysts that will cause XRP price to equal Ethereum’s market cap. 

XRP/ETH Technical Analysis

XRP/ETH has been rising since forming a golden cross in January this year. This ratio will continue to rise as Ripple draws institutional interest when demand for Ethereum has faded with more than two weeks of consistent outflows from ETH ETFs. 

XRP is attracting massive attention from both retail and institutional traders compared to Ethereum. If this progressed, the XRP/ETH ratio could increase to the 261.8% Fibonacci level of 0.00316. This will push it towards its all-time high of 0.00503. 

In conclusion, for XRP price to attain the same market as Ethereum, it will have to rally to between $4 and $10. However, this outlook is based on XRP continuing to outperform Ethereum in the coming years.