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Reading: Bitcoin Soars While XRP Coin Eyes Ethereum’s Market Position
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COINTURK NEWS > Ripple (XRP) > Bitcoin Soars While XRP Coin Eyes Ethereum’s Market Position
Ripple (XRP)

Bitcoin Soars While XRP Coin Eyes Ethereum’s Market Position

In Brief

  • Bitcoin is nearing $105,000 as a new crypto-friendly administration approaches.

  • XRP Coin shows potential to challenge Ethereum's market dominance.

  • Market trends suggest significant movements for BTC and XRP in the coming days.

Fatih Uçar
Fatih Uçar 4 months ago
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Bitcoin (BTC) $107,622 price is hovering around $105,000, close to its daily peak. As the weekend approaches, investors are excited by the prospect of a crypto-friendly U.S. administration. Since the beginning of 2022, crypto enthusiasts have not enjoyed a prolonged period of substantial gains. Perhaps they have finally earned it? But what about XRP Coin?

Contents
Will XRP Coin Surpass Ethereum?Bitcoin (BTC)

Will XRP Coin Surpass Ethereum?

Recently, Negentropic became the second individual to suggest that XRP may challenge Ethereum $2,594. While ETH remains stagnant, BTC is breaking records, and XRP Coin is reaching levels not seen in over seven years. There are whispers in the market that XRP Coin could reach Ethereum’s market cap. Negentropic commented:

“XRP has increased by 40% from its lowest point and ranks third by market cap. Can it surpass ETH?”

Current Data:

ETH market cap: $405B

XRP market cap: $191 billion

To surpass ETH, XRP needs to double its value while ETH stagnates.

XRP’s Surge:

November 2023 market cap: $28B

Current: $191 billion (a sevenfold increase!)

Thanks to the “Trump Pump,” XRP’s momentum is undeniable.

Will it surpass ETH in this cycle, or is it merely FOMO?

XRP is often viewed as a gateway to CBDCs, a direction many hesitate to adopt. Its trajectory is worth monitoring closely.

Bitcoin (BTC)

Having reached $105,000, closing above $105,300 will indicate how eager bulls are for new all-time highs. Trump’s impending administration is significant, and after many false rallies, we should see a real uptrend for cryptocurrencies.

Ali Charts, inspired by a cup-and-handle pattern, claims that BTC could peak at $276,400.

Phoneix anticipates that if BTC maintains closures above $104,500, it may rally towards $110,000. However, such movements typically do not occur within a single four-hour candle and corrections may happen.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 17 January, 2025 - 9:35 pm 17 January, 2025 - 9:35 pm
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