XRP has surpassed Ethereum with a 36.9% increase since last month, and leading analysts anticipate a possible rebound to $10 and higher.
Since it recently surpassed the second-largest cryptocurrency by market capitalization, Ripple‘s native cryptocurrency has made headlines again. Recent statistics indicate that over the past 30 days, XRP and another popular altcoin had more significant growth than Ethereum. This demonstrates how investors’ strategies change and shows their confidence in Ripple’s native assets.
Ethereum Fails to Keep Up With XRP
Ripple’s native cryptocurrency surpassed Ethereum last month, according to the most recent article from leading analytics platform Santiment. Ethereum saw its market capitalization drop by 4.7% in the past month, while Ripple’s native coin had an astounding 36.9% spike. According to the research, Solana also showed impressive growth of 32.2% between December 21 and January 21.
“The crowd has been slowly but surely turning against Ethereum (crypto’s #2 market cap) in favor of more thrilling and thriving assets like XRP (#3) and Solana (#4),” the business noted in the meantime.
This change reflects traders’ discontent with Ethereum, which is experiencing slower market capitalization growth than other leading cryptocurrencies.
However, the data highlights how XRP has drawn interest from the market. With a consistent upward trend, it continues to establish itself as a strong competitor in the cryptocurrency race.
XRP & Solana Shine Amid Market Dynamics
The market’s overall trend is reflected in the performance of XRP and Solana. Both cryptocurrencies have proven to be strong and capable of drawing in investors. The cryptocurrency’s price fluctuations in the most recent XRP news are remarkable, demonstrating its potential as a long-term investment.
In addition, Donald Trump‘s election victory and expectations for crypto-friendly US laws significantly improved the market mood. A swarm of analysts also expects the lengthy Ripple v. SEC lawsuit to terminate, which might raise the price of XRP in the future.
However, Solana’s strong ecology and cutting-edge technology have helped it acquire popularity. Its rapid expansion puts it in direct competition with Ethereum, casting doubt on its market dominance.
What Could Happen XRP Price?
The price of XRP increased by almost 2% to $3.16 today, continuing its upward trend. Its trade volume dropped to $7.5 billion, a 56% decline. Interestingly, the cryptocurrency has remained above the $3 threshold since yesterday, reaching a 24-hour high of $3.23 and a low of $3.06, respectively.
Additionally, a 3% increase in XRP Futures Open Interest indicates that market sentiment remained optimistic. A recent estimate of the price of XRP suggests that it will likely rise to $4.4 in the midst of this. In addition, a leading market analyst projects that Ripple’s native cryptocurrency may increase to $10.
