In the latter part of 2024 and early 2025, there was a growing belief within the crypto community that XRP could potentially surpass Ethereum in terms of market capitalization. This sentiment was fueled by XRP’s impressive rally towards the end of the previous year, during which it outperformed many other major cryptocurrencies while Ethereum struggled to maintain key price levels.
Market analysts at the time were optimistic that the gap between XRP and Ethereum would eventually narrow, with some even predicting a “flippening” where XRP would overtake Ethereum as the top altcoin. One of the most vocal proponents of this theory was a popular analyst known as Charting Guy. However, Charting Guy recently backtracked on his prediction, stating that the flippening is now unlikely to occur in the near future.
Charting Guy pointed to the period between November 2024 and January 2025, when XRP experienced a nearly 600% surge in price, while Ethereum remained relatively stagnant and even dropped to lows of $1,385 in April. This rapid growth in XRP’s price and market cap led many to believe that it had the potential to dethrone Ethereum as the top altcoin.
However, Charting Guy admitted in a recent post that Ethereum’s performance in recent months has been remarkably strong. He re-entered Ethereum near its lows in April, and since then, Ethereum has demonstrated “immense strength.” As of today, Ethereum is trading just 10% below its all-time high of $4,891, reaching $4,784 earlier in the day. Its current price of $4,736 represents a 239% increase from its April low.
This surge in Ethereum’s price has propelled its market cap to $572 billion, compared to XRP’s $193 billion. The growing gap between the two, now exceeding $368 billion, has made the prospect of a flippening far less realistic according to Charting Guy.
In the past four weeks alone, Ethereum has surged by 52%, while XRP’s growth has stagnated. Even if XRP were to increase 2.5 times from its current price of $3.22 to around $8, its market value would still fall short of Ethereum’s current level.
Charting Guy emphasized that for XRP to match Ethereum’s market cap, it would need to reach $9.30, assuming that Ethereum remains stagnant while XRP rallies 3x. He cautioned against unrealistic XRP price targets and urged investors to diversify their holdings between both assets.
While XRP still has room for growth, Ethereum’s momentum and continued strength have put it in a favorable position. The race between XRP and Ethereum, which once seemed neck and neck, now appears more one-sided in favor of Ethereum as it continues to gain traction in the market.