The conversation around XRP has become louder in recent months as the asset continues to gain popularity due to the growth of the ecosystem, Spot XRP ETFs and market interest. Despite this momentum, XRP still sits well below Bitcoin, the dominant cryptocurrency in the sector, when comparing its overall valuation.
This gap raises a simple question: how high would the XRP price be must climb to actually flip Bitcoin? Data from MarketCapOf provides an instant, real-time look at what the price of XRP would be if it matched Bitcoin’s current market cap.
The market cap needed to flip Bitcoin
Even if it is currently that way go through a correction phaseBitcoin has the largest presence in the crypto market by an overwhelming margin, and its market cap currently stands at approximately $1.84 trillion. This valuation makes Bitcoin one of the largest assets in the world, surpassing it many global companies.
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XRP, which is now trading around $2.14 at the time of writing, has a market capitalization of approximately $128.7 billion. This means that Bitcoin’s valuation is more than fourteen times greater than that of XRP. For XRP to flip Bitcoin, the cryptocurrency would have to rise to the same market cap that Bitcoin currently holds.
Using the circulating supply of XRP, MarketCapOf calculates how much each XRP token would be worth if it matched Bitcoin’s market cap. Based on the latest data, XRP would have to trade at $30.61 for its total valuation to match that of Bitcoin. This is the current “reversal price” and reflects the direct ratio between their two market capitalizations.
To reach the level of Bitcoin’s highest ever market cap of $2.485 trillion recorded on October 6 XRP should rise to around $41.26 per token.
Breaking down the numbers
The calculation shows how far ahead Bitcoin still is. XRP sits at around seven percent of Bitcoin’s total valuation, meaning the asset would need to rise more than fourteen times in value from current levels to be on par. Simply put, an investor with 1,000 XRP would see their position move from around $2,140 today to over $30,000 if the token were priced at $30.61.
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This equation does not assume any change in circulating supply, tokenomics, or macro factors. It is a clean and direct valuation exercise, based purely on market capitalization. But even in its simplicity it is shows the size of the inflow needed for XRP to close the gap and reverse Bitcoin’s dominance in the cryptocurrency rankings.
Recent months have seen stronger activity in the Ripple ecosystem, especially with new partnerships and acquisitions by Ripple. To this has been added the expanding the conversation around Discover XRP ETFs, which many analysts believe could introduce significant liquidity if major issuers like BlackRock, Fidelity and Grayscale fully enter the space. The newest entrant is Bitwise, who launched its Spot XRP ETF just a few hours ago.
Featured image from iStock, chart from Tradingview.com