Projecting the XRP Price If It Surpasses Ethereum in Market Capitalization

Ethereum and XRP are among the largest cryptocurrencies in the market, with market capitalization serving as a key metric for comparing their values. While Ethereum holds a solid position as the second-largest cryptocurrency, XRP is not far behind, though it recently lost ground to BNB in market cap rankings. This scenario leads many investors to consider a critical question: what would the value of each XRP token be if its market cap matched that of Ethereum, both at current levels and at Ethereum’s all-time high?

Key Takeaways

Market Comparison: Ethereum currently has a market cap of approximately $366 billion, while XRP's stands at about $113.8 billion.
Price Potential: If XRP's market cap matched Ethereum's current value, it could be priced around $6.04.
All-Time High Valuation: If XRP reaches Ethereum's all-time high market cap, it could be valued at approximately $9.64.
Investment Insights: The gap between XRP and Ethereum remains significant, although XRP is gaining institutional interest, especially with new financial products entering the market.

XRP

Current Market Capitalization of XRP Compared to Ethereum

As of this comparison, Ethereum is trading at around $3,035, reflecting an increase of approximately 1.9% over the last 24 hours. This results in a market capitalization of around $366 billion. In contrast, XRP is trading at $1.88, with a market cap of about $113.8 billion.

According to MarketCapOf's calculations based on circulating supply, if XRP were to reach Ethereum’s current market cap, its price would be approximately $6.04 per token, representing a 3.21 times increase from its current price.

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Source: Chart from MarketCapOf

When comparing XRP's valuation to that of Ethereum, XRP is valued at roughly 0.31 times Ethereum’s market cap. It is important to note that this comparison is purely mathematical and does not consider any changes in supply. It simply illustrates how much additional capital would be necessary for XRP to equal Ethereum’s current position.

XRP Valuation If It Matches Ethereum’s All-Time High

Considering Ethereum’s all-time high valuation offers a different perspective. Ethereum achieved its peak market cap of around $583.8 billion during its all-time high price of $4,946 in August. If XRP were to reach this valuation, MarketCapOf estimates that each XRP token would be priced at about $9.64, indicating a potential 5.13 times increase from its current price.

Under these conditions, XRP would be valued at approximately 0.20 times Ethereum’s all-time high market cap. For investors holding 1,000 XRP today, the value would be around $1,880 at current prices, approximately $6,040 if XRP matched Ethereum’s current market cap, and $9,640 if it reached Ethereum’s peak valuation.

These figures highlight the significant gap that remains between the two cryptocurrencies, despite XRP starting to attract institutional interest. This interest has grown more relevant with the launch of Spot XRP exchange-traded funds, which are beginning to draw in new capital from both institutional and traditional investors.

Interestingly, the valuation levels suggested by the MarketCapOf comparison appear conservative when weighed against XRP price forecasts from various crypto analysts. Aligning with Ethereum's current or all-time high market capitalization suggests an XRP price in the range of $6 to $9.64, which is considerably lower than some more ambitious targets of double or even triple digits proposed by certain analysts.

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XRP trading at $1.89 on the 1D chart | Source: XRPUSDT on Tradingview.com