XRP Might Be Bigger Than Ethereum
Messari’s Sam Ruskin cited post-election momentum, the rotation toward “boomer coins,” and a possible XRP ETF filing as the main reasons XRP might overtake ETH.
According to Ruskin, the market capitalization of XRP may overtake Ethereum’s market value. Ruskin made his audacious prediction in a post on X, citing increasing investor interest and a 460 percent increase in XRP’s price since the 2024 election.
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Ruskin attributes recent gains in XRP to macroeconomic factors and sector-specific catalysts. These include Donald Trump’s inauguration and those speculating about cryptocurrency initiatives based on XRP.
Ethereum faces obstacles like intensified competition from layer-2 scaling solutions and alternative blockchains such as Solana, Solana, and XRP. Unlike Ethereum, XRP has a more cohesive community and a distinct vision regarding its part in the financial sector’s future.
However, recent fundamentals show the Ripple-based token faces tough resistance.
The chief legal officer of Ripple Labs has criticized the US Securities and Exchange Commission’s arguments in its appeal of a federal court judge’s decision in its partially unsuccessful case against the company.
The SEC contended that a New York District Court erred in concluding that XRP sold to individual investors was not an unregistered security offering in a filing with the Second Circuit Appeals Court. It requested that the appeals court reverse the July 2023 decision of Judge Analisa Torres and classify XRP sales to retail investors as unregistered securities.
The SEC further contended that XRP, which was given as employee compensation and in business transactions, was incorrectly not included in the list of securities.
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