Messari analyst Sam Ruskin recently suggested that XRP may soon overtake Ethereum due to various economic and market factors.
Why XRP Might Surpass Ethereum
Sam Ruskin indicated that XRP could surpass Ethereum due to factors like post-election excitement, a potential XRP ETF filing, and the growing interest in 'boomer coins' like XRP.
Factors Influencing XRP Growth
According to Ruskin, XRP's price has increased by 460% since the 2024 US election, showing strong investor interest. He also mentioned that Donald Trump's inauguration could lead to similar events. The buzz around a possible US-based XRP ETF filing has increased positive market sentiment, and new capital gains tax rules may prove favorable for US-based projects, including XRP.
Market and Future of Ethereum and XRP
Ethereum faces competition issues slowing its growth. Open interest in Ethereum is at an all-time high, even though the price is down by 30% from its highest ever. Meanwhile, XRP's open interest aligns better with price action, indicating greater demand and market conviction.
Sam Ruskin predicts that XRP's price may rise by 35-50% in the coming months, potentially bringing its value closer to Ethereum's current market capitalization.
