In recent days, the XRP asset associated with Ripple Labs has drawn attention from analysts discussing whether it can overtake Ethereum in market capitalization.
Change in XRP and Ethereum Forecast
According to lawyer Bill Morgan's comments, XRP is unlikely to surpass Ethereum in market capitalization this cycle. He agreed with analyst Charting Guy's view that Ethereum's strong rally since April is the main reason for the shift in expectations.
Factors Influencing Ethereum and XRP Prices
The rise of Ethereum has been supported by increasing interest from both retail and institutional investors. Cathie Wood, CEO of ARK Invest, maintains a bullish outlook on the asset as critical updates to the network, named Fusaka, are planned for November.
Comparing XRP and Ethereum Positions in the Market
Despite Ripple Labs' progress following the end of its case with the SEC, the gap between XRP and Ethereum remains significant. Analysts believe that XRP needs to substantially increase to overtake Ethereum, based on assumptions that Ethereum's price will remain unchanged.
Despite positive changes for Ripple Labs and XRP, the current market conditions and upcoming updates for Ethereum make it difficult for XRP to surpass Ethereum in market capitalization in the near future.
