Prominent financial commentator Zach Rector makes a bold prediction for XRP, suggesting it will once again overtake Ethereum as the second-biggest crypto.
Rector made the prediction yesterday in an X post, stating that “XRP [is] going to flip ETH again.” He attached a short clip to the post, highlighting bullish comments from Ripple CEO Brad Garlinghouse.
#XRP going to flip ETH again pic.twitter.com/vbPj2PeIa6
— Zach Rector (@ZachRector7) November 8, 2024
Ripple CEO Optimistic About XRP Future
The Ripple CEO expresses optimism about XRP’s potential under the Donald Trump-led administration. According to the post, Garlinghouse commended the patience of XRP investors, who endured a ‘frustrating journey’ over the past years.
He pointed out that a lot has happened since XRP was ranked as the second-biggest cryptocurrency by market cap.
Reflecting on XRP’s travails, the Ripple CEO said it has been six years since the SEC started getting involved with crypto, picking winners and losers. He also added that the SEC lawsuit against the company has lingered for over four years.
Amid these challenges, XRP lost its second position to Ethereum and is currently the seventh-biggest cryptocurrency with a market cap of $31.38 billion.
Nonetheless, Garlinghouse expressed optimism that the regulatory obstacles hindering XRP’s growth may soon be over. As this pressure fades, the Ripple CEO envisages a promising future for XRP, especially as the market experiences a major turning point following Donald Trump’s re-election.
Investors Bullish on Trump’s Re-election
Notably, crypto enthusiasts have remained bullish on Trump’s presidency, speculating that it could pave the way for fair and clear crypto regulations. Interestingly, Trump disclosed plans to fire Gary Gensler on his first day as president, replacing him with a pro-crypto SEC chair.
Through this, he intends to make the United States the crypto capital of the world through clear and fair rulemaking, potentially attracting foreign investors and developers to the country.
XRP to Flip ETH
As the market tide shifts from the stringent to a friendlier regulatory approach, Garlinghouse believes XRP’s future is promising, with Rector speculating that the coin would once again flip ETH.
In a follow-up video, Rector speculated that the SEC v. Ripple lawsuit, which has impacted XRP’s performance over the past four years, will be resolved under a new SEC leadership.
He cited predictions from pro-XRP lawyers like Jeremy Hogan and Fred Rispoli, who believe there is a high possibility that the Ripple lawsuit would be settled soon.
“[…] XRP has been set free. No more excuses. Let it fly, let it breathe! This is our time,” he echoed.
While XRP is the seventh-biggest cryptocurrency with a $31.38 billion valuation, ETH ranks second at $364.32 billion. This indicates that XRP’s valuation must surge by 1,060% to flip ETH and potentially become the second-largest cryptocurrency. At this growth rate, XRP’s price would increase from $0.5536 to $6.42 per token.
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Source: https://thecryptobasic.com/2024/11/10/xrp-set-to-flip-ethereum-once-more-expert-predicts/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-set-to-flip-ethereum-once-more-expert-predicts