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Can XRP Flip Bitcoin?

Can XRP Flip Bitcoin?

Ripple's CTO Emeritus, David Schwartz, believes that XRP could eventually surpass Bitcoin in market value, but only if XRP grows faster than Bitcoin. For XRP to reach Bitcoin's current market capitalization, it would need to reach around $25, which is more than six times its all-time high of $3.84. While XRP gained 35% last month, Bitcoin gained 22%, falling short of narrowing the $1.49 trillion gap between the two.

On a September 9 X Spaces, Schwartz stated that XRP could surpass Bitcoin in market value, but not due to Bitcoin losing value, but rather from XRP growing faster. He described a growing crypto market where both assets rise, with XRP potentially rising more. However, no specific price, timeline, or level for XRP to clear was mentioned, making it an opinion about direction rather than a concrete number.

The difference between Bitcoin's and XRP's market capitalizations would need to be closed for XRP to surpass Bitcoin, which currently stands at around 6.4 times XRP's all-time high of $3.84.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at finance.yahoo.com →

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