- XRP has soared 44.4% in the past week alone while ETH is up only 2.63%.
- XRP is targeted to hit $5.85 soon and needs a 212% surge to claim ETH’s second spot.
- Ethereum is projected to soar to $4,500 in the short term and $7,100 in the medium-long term.
XRP has surged 44.40% in the past seven days, reaching a seven-year high of $3.40 and claiming a massive market capitalization of $191.77 billion. In contrast, Ethereum (ETH) has only gained 2.63% in the same period, valued at $405 billion.
Ranked as the second and third-largest cryptocurrencies in the market, XRP and ETH have stayed rivals for a long time. XRP has outperformed ETH by a wide margin in the past 365 days, soaring 483% while Ether has surged only 31.71%. If Ripple’s token maintains the current trajectory, it could potentially overtake Ethereum as the second-largest digital asset.
At press time, XRP is priced at $3.33, while ETH trades at $3,366, down 13.29% and 31.08% from their all-time highs, respectively. If the supply of both these cryptocurrencies remains constant over a considerable period, XRP would need to surge 212% in its price to claim Ethereum’s spot as the second-largest cryptocurrency.
Related: XRP, Cardano, and Solana Shine as Bitcoin Crosses $100K
While XRP is expected to hit $5.85 in the near future, Ethereum’s growth has been slow. However, analysts believe that ETH will eventually catch up with Bitcoin (BTC), despite currently being significantly undervalued compared to the market leader.
Ethereum Price Analysis
As highlighted by analyst “James CryptoGuru” on X (formerly Twitter), ETH has formed a descending triangle, and a breakout from these levels suggests a target of $4,500. Another analyst “Mister Crypto” pointed out the possibility of ETH hitting $7,100 in the coming days.
Meanwhile, the chart provided by TradingView below confirms that the Relative Strength Index (RSI) for ETH reads a value of 49.26, meaning that the bears and the bulls are evenly matched. However, the gradient of the line suggests higher prices.
Related: Ethereum, Solana, and Sui: Layer-1 Contenders to Watch in 2025
Further, the MACD indicator confirmed a bullish divergence for Ethereum with the MACD line (blue) finally breaking above the signal line (red). However, the intensity of the histogram suggests very low demand for ETH right now as XRP takes the spotlight.
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