As XRP value gains momentum and some experts are saying that it could actually become the second largest crypto in the market if its price makes it past ETH. But what would the world look like if XRP had the same market cap as Ethereum? The first question that most people ask once they realize XRP is not free is, how much would one XRP be worth?
XRP has a market worth of $138B, around half of ethereum’s, right now. To achieve ETH’s market cap for XRP, it’s price would need to soar. If this occurred with the current supply in hand, one XRP would be worth $4.08. However, if the crypto market goes into a strong bull run and Ethereum’s market cap rebounds to $571 billion, XRP would have to reach $9.82 to match it.
XRP’s price could see some rises because of the following reasons. Ripple’s technology is getting traction with institutional investors and new financial products such as SPOT XRP ETFs will increase demand. Furthermore, if the SEC closes its case versus Ripple, it will give XRP supporters greater faith in the coin which will ultimately result in higher prices.
Technically, XRP is already performing well against Ethereum. The trading ratio of XRP/ETH is rising, in sync with XRP getting strengthened as Ethereum is stalling with constant outflows from ETFs. If this trend continues, XRP could get as much as Ethereum’s market cap.
All in all, if XRP continues higher, at some point in the future it might be worth between $4 and $10 depending on what the market does. But that relies on XRP continuing to outpace Ethereum over time.
Also read: Ethereum’s Price Drop Signals Trouble – What’s Next for ETH?
