Ripple’s XRP, once seen as a slow mover in the crypto world, is now turning heads. For the past six months, it has been beating Ethereum, the worlds largest altcoin in the price growth. This has left many wondering what’s driving this success and how long it will take XRP to surpass Ethereum in market cap.
Let’s find out what’s going on.
Since the beginning of the Ripple vs SEC lawsuits began, XRP’s price has dropped from its highest point of $3.39 to as low as $0.10. Even after such a big fall, XRP has managed to bounce back and reached $3 again after Ripple almost secured the win in the lawsuit against the SEC.
After a long period of underperforming, XRP is now doing better than one of its biggest rivals. For the last six months, XRP has outperformed Ethereum in price growth.
The price surge began in November 2024, when XRP saw a jump of 160%. Since then, XRP has kept rising with gains of 18.5% in December, 45.3% in January, 4.3% in February, 19.6% in March, and 14.3% in April.
One big reason XRP is doing well is because of almost end of the Ripple SEC lawsuits. After the SEC had officially dropped its four-year-old lawsuit against Ripple.
With this announcement, it ends a long battle between the regulator and the crypto industry. This has led to more people buying XRP, which has pushed its price up to $2.5.
Another big reason behind XRP’s outstanding performance is the growing possibility of XRP ETF approval by the end of 2025. When people buy these ETFs, the XRP is taken off the market and kept safe. This makes less XRP available to trade, which could make its price go up.
Right now, 18 XRP ETFs are being created, and this number is likely to grow. The idea that big companies, like BlackRock, might start investing in XRP has made many people even more excited.
Since Trump became president again, crypto rules have become clearer. Experts think this will help more people trust XRP and start buying it before prices goes up.
Interestingly, Geoffrey Kendrick from Standard Chartered believes XRP could pass Ethereum by 2028, thanks to its use in global payments.
As of now, XRP is at $2.10 with a $122.14B market cap, while Ethereum is at $1,613 with a $198.94B market cap.
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