Deaton Predicts XRP Price, Says There’s a Real Good Chance XRP Could Flip Ethereum

Attorney John Deaton has expressed optimism that XRP will surpass Ethereum to become the second-largest crypto.

Deaton shared this outlook during his latest appearance on the Thinking Crypto Podcast with host Tony Edward.

Edward asked the lawyer for his thoughts on the SEC’s approval of the XRP ETF filings. Deaton responded confidently, affirming that these products would receive the SEC’s green light. He supported his view by referencing the success of the Bitcoin spot ETFs.

Specifically, Deaton highlighted the influence of Wall Street’s profit-driven motives, noting how BlackRock’s iShares Bitcoin ETF has become the most successful ETF in history. It attracted more funds in one year than gold did over a decade—or even 20 years.

According to Deaton, this massive success will prompt Wall Street to replicate the model. He believes the same strategy will be applied to other cryptocurrencies like XRP and Solana as Wall Street seeks to capitalize on the growing crypto market.

“There’s a Real Good Chance XRP Flips Ethereum” — Deaton

In this context, Deaton pointed out that XRP is now the third-largest crypto asset and argued, “There’s a real good chance that it flips Ethereum.”

He acknowledged that his prediction might upset some Ethereum supporters. Yet, he expressed his belief that XRP could overtake Ethereum at a price of around $8. Deaton believes this outcome could materialize during the current bull run before the market sees another major downturn.

Notably, Deaton is not alone in this optimistic view that XRP will overtake Ethereum. Other respected figures in the crypto community, like legendary trader Peter Brandt, have also suggested a $500 billion market cap outlook for XRP, equivalent to an $8.74 price. 

Brandt has reiterated XRP’s chart as the most bullish in the crypto scene. Others, like Ben Armstrong (BitBoy), share a similar sentiment. BitBoy even projected a much higher price for XRP—up to $22.

XRP Likelihood of Overtaking Ethereum

Ethereum has long held the second position behind Bitcoin. However, recent market sentiment has not been favorable to it. This has caused it to lag in price while Bitcoin trades at an all-time high.

For context, the price of XRP has improved by over 505% in the last 90 days, with its current market value at $3.10. Meanwhile, Ethereum has largely remained stagnant during this period, advancing by only 28%.

From XRP’s current price, a jump to $8 would elevate its market cap to $461 billion, enough to overtake Ethereum’s $401 billion. Notably, XRP would need to increase by just 158% to reach $8.

In other words, if Ethereum continues to see only minimal growth, XRP could knock it out of its long-standing position and become the altcoin king.

Deaton Calls for Unity in Crypto

Meanwhile, Deaton also reflected on the tribalism within the crypto community. He observed that when a cryptocurrency rises in value, those who do not own it often become upset or envious.

Deaton urged the industry to move beyond the “my coin is better than yours” mentality. He calls on everyone to work towards a healthier, more cooperative market, especially as the industry recovers from past regulatory challenges.