The crypto market is experiencing significant volatility, especially notable in the competition between XRP and ETH.
Current Changes and Differences
In recent weeks, the crypto market experienced a significant downturn with many altcoins registering double-digit declines. The difference between XRP and ETH has narrowed, mainly due to ETH's shortcomings in this bull cycle.
Current Situation
Until recently, the market cap difference between XRP and ETH was $340 billion. However, recent changes have reduced this gap to $175 billion, largely due to ETH's crash rather than XRP's gains.
Influential Factors and Prospects
A key topic remains the potential resolution of the ongoing SEC lawsuit in favor of Ripple. There's also the consideration of potential involvement of Ripple's CEO in regulatory crypto groups. Additionally, performance and transaction fees favor XRP.
While Ripple and its token have advantages over Ethereum, overtaking it seems unlikely unless ETH faces further challenges.
