XRP Outperforms Bitcoin, Eyes Ethereum Challenge
The Most Important Points at a Glance
XRP has outperformed Bitcoin (BTC) over the past two months, delivering a positive return while BTC recorded losses. XRP’s strong market performance could position it to challenge Ethereum (ETH). The increasing number of XRP addresses and growing market dominance indicate rising adoption.
XRP Outperforms Bitcoin – A Look at the Numbers
Over the past 60 days, XRP has shown one of the best performances among altcoins. While Bitcoin recorded a negative return of -8.39% during this period, only three out of 57 altcoins managed to outperform BTC – including XRP.
While many altcoins suffered losses ranging between 30% and 60% compared to BTC, XRP’s value continued to rise. Ethereum lost 38%, Solana (SOL) 31%, and Dogecoin (DOGE) even 48% against Bitcoin. These numbers highlight XRP’s strong market position.
Increasing Adoption and Market Dominance
A key factor in XRP’s growth is the rising number of users. The total number of XRP addresses has increased from 5.5 million to 6.7 million within a year – an increase of 1.2 million addresses. In comparison, Bitcoin recorded only 100,000 new addresses in the same period.
XRP’s market dominance has also significantly increased. XRP’s share of the total crypto market rose from 1.09% to 5%. Its market capitalization grew from $23 billion to $188 billion, allowing XRP to surpass coins such as Solana and Tether (USDT).
Can XRP Overtake Ethereum?
A direct competition with Bitcoin is unlikely, but XRP could challenge Ethereum as the second-largest cryptocurrency. The legal uncertainties surrounding XRP are decreasing, which could further support its growth.
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In the short term, the goal remains to reach its previous all-time high (ATH) of $3.80 and break the $4 mark. Additionally, XRP would need to achieve a market capitalization of over $200 billion to seriously challenge ETH.
Our Assessment
XRP is demonstrating strong market performance and gaining increasing significance. The rising adoption and growing market dominance indicate a positive trend. Whether XRP can overtake Ethereum depends on further market developments and regulatory factors. In the short term, the goal remains to surpass its previous all-time high and continue expanding its market capitalization.
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $2.56 |
| 24h % | 2.87 % |
| 7d % | 17.65 % |
| 30d % | -2.23 % |
| 60d % | 7.77 % |
| 1y % | 320.87 % |
| Official Links | Website |
| Socials | X |
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