For a large part of the end of 2024 and early 2025, many believed in the crypto world XRP could catch up Ethereum in market capitalization. The conviction grew after the powerful meeting of XRP at the end of last year, so it saw the most big coins better than Ethereum struggled to retain the most important price.
At the time, market analysts were convinced that the gap between the two would close soon. Now one of the most vocal supporters of the Flipping, a popular analyst who is known as Charting Guy, has his position reversed and says it is unlikely that it will happen soon.
Analyst -backtracks on XRP Flipping Ethereum -Furpelling
Charting Guy pointed to the period between November 2024 and January 2025, then XRP straw Almost 600%, while ETH hardly moved and even in April fell to a low of $ 1,385. During that time, XRPs price strength And the growth of fast market capitalization, which increased about seven times in just a few weeks, made many believe that it could be the best altcoin.
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In one after This week Charting Guy admitted: “That is no longer the case.” He explained that he entered Ethereum again in April, near the lows, and has since demonstrated ETH “Immense Power. “From today, Ethereum only acts 10% below the highest point of $ 4,891 and reached $ 4,784 earlier in the day.
The Golf pushed Ethereum’s market capital Up to $ 572 billion, compared to XRPs $ 193 billion. The gap between them, now more than $ 368 billion, has grown considerably since July 13, when it was less than $ 200 billion. Charting Guy says that the strong performance of Ethereum has made a pinball much less realisticAt least in the short term.
Ethereum’s power has XRP overtaken
In the past four weeks alone, ETH 52%has risen, while the growth of XRP has largely stalled. Even as XRP would stand up 2.5 times from its current price from $ 3.22 to around $ 8, the market value would be around $ 477 billion, still far from the current level of Ethereum.
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Charting Guy also pointed out that for XRP the current market capitalization of Ethereum would match, it should reach $ 9.30, and that assumes that ETH stops fully moving while XRP rally 3x. According to him, that scenario is ‘rather unlikely’. He warned of listening to “Moon Boys” who push unrealistic XRP price goals while he ignored Ethereum’s continuous strength.
Instead, he advises investors to keep both assets and claim that it is exposed to one currency exposed on one currency if the market moves in a different direction. He emphasized that the strong meeting of Ethereum was too late, as it had been Catch up To Bitcoin for the most part of the season.
What once seemed like a real opportunity now seems far away as an Ethereum Get strength. Although XRP still has room to grow, it is clear that Ethereum is not standing still, making the race between them more unilateral for the time being.
Featured image of dall.e, graph of tradingview.com