Can XRP Overtake Ethereum? What the Recent Surge Means

XRP has hit a market cap of $155 and is now a close ETH rival.
XRPL token Sologenic (SOLO) has skyrocketed 465% in the past month.
XRPL tokens including XGOLD, XRDOGE, GZX, and XRPH also turned bullish.

XRP, now the third-largest digital asset, reached the $155 billion market capitalization after years of sideways price action and is now a close rival to Ethereum (ETH), which has a market cap of $439 billion. Meanwhile, the cryptocurrencies on the XRP Ledger (XRPL) have surged significantly alongside the XRP price rally, with some tokens seeing triple-digit gains in the last seven days. CoinGecko highlighted these altcoins for digital asset investors on X (formerly Twitter).

While the broader digital asset space has also grown massively, XRP has jumped more than 440% in the last 30 days alone, trading at $2.74 at the time of writing.

The top token after XRP in the XRPL ecosystem is Sologenic (SOLO), which has jumped 465.5% in the last 30 days, according to CoinGecko data. Over the past week, XRP Healthcare (XRPH) has surged 137%; Xgold Coin (XGOLD) is up 251%; XRdoge (XRDOGE) is up 211%; and GreenZoneX (GZX) has jumped 163.6%.

Some in the digital asset community have made exorbitant price predictions for the XRP token, with some analysts saying that the altcoin will hit $589, $1,000, or even $10,000. However, Thinking Crypto podcast founder Tony Edward predicts a more realistic $5-$8 price level.

XRP Price Analysis

With XRPL tokens seeing monumental gains alongside the recent XRP price rally, more and more people are buying the altcoin. As seen in the chart provided by TradingView below, the Accumulation/Distribution line for the digital asset continues to print higher highs, showing increased confidence among investors.

Further, the Relative Strength Index (RSI) has a value of 95, which means that the bulls are overwhelmingly powerful and there is high demand for the digital asset. The rising buying volume and the sharp upward gradient of the line suggest that XRP might break above $3 and reach a new all-time high this cycle.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.