Recent market analysis highlights a shift in the prospects of ETH and XRP, based on expert opinions.
Market Trends
Analyst Charting Guy shared insights on the current market status of Ethereum and XRP. He noted that in late 2023, XRP appeared poised to surpass Ethereum in market capitalization, but this expectation has now changed. Following his re-entry into Ethereum in April, when he believed it was at a low point, the asset has shown significant strength, now only 10% away from its all-time high.
Bill Morgan's Response
Lawyer and digital asset commentator Bill Morgan stated, 'Not this cycle. XRP will not overtake ETH.' His comment reinforces the view that Ethereum will maintain its market leadership in the near term.
Community Inquiry on Ripple
In an ongoing discussion, a user on X asked whether XRP could exceed Ethereum should Ripple obtain a banking license. Morgan addressed this question directly, asserting that even such a significant development would likely not shift market standings between XRP and Ethereum before the current cycle ends.
In light of the discussion, expert opinions emphasize the uncertainty around the forecast that XRP can surpass Ethereum in the coming years. Regardless of XRP's potential, Ethereum continues to show resilient growth dynamics.
