The price performance of XRP has been the focus of the cryptocurrency market for weeks. The token has surged into a dominant position, hitting $2.50 at the beginning of December and registering an incredible increase of about 400% since the U.S. election last month. With a market capitalisation of more than $135 billion, XRP is now the third-largest digital asset, after Ethereum (ETH) and Bitcoin (BTC).
Amidst all of this, a surprising yet fascinating question arises: will XRP eventually surpass Bitcoin NEXT? To respond to that query, a trader-expert who goes by the moniker “DonAlt” in the cryptocurrency community stepped forward.
DonAlt has made comparisons to 2017, when XRP temporarily surpassed Bitcoin, pointing out that the cryptocurrency’s fully diluted valuation (FDV) is already double that of Solana and quickly nearing Ethereum.
He warns, though, that although such development could thrill optimists, pushing things too far might cause the market to become unstable, as it did at the time. According to DonAlt, if the market is unable to stay balanced, even a feasible upside scenario—like a 1,000% increase—could result in disastrous declines.
Be careful what you wish for
Renowned trader Peter Brandt recently offered a more optimistic viewpoint, adding another perspective to the conversation. According to Brandt, XRP may eventually hit $24 per token, increasing its market value to $1.37 trillion. Even if it still falls short of Bitcoin’s current $1.89 trillion, this amount puts XRP in a position to challenge the market leader’s hegemony.
However, some scepticism still persists. It is evident that development of this magnitude requires cautious management when considering prior events and current market conditions. There are several hazards, and the market meltdown of 2017 serves as a stark reminder of what may occur if things spiral out of hand.
