Prominent crypto influencer Amelie (@_Crypto_Barbie) recently claimed that XRP could surpass Bitcoin and Ethereum in market capitalization under specific price conditions. In a post shared on X, Amelie stated, “When XRP hits $19, it flips BTC. When XRP hits $4, it flips ETH.”
While her post reflects the community’s optimism that XRP can secure the top spot in the crypto market, her calculations utilizing the asset’s fully diluted valuation (FDV) complicate her prediction.
WOW! 💥
WHEN #XRP HITS $19, IT FLIPS BTC. 🥇
WHEN XRP HITS $4 IT FLIPS ETH. 🥈
THE TRUE KING IS COMING FOR THE CROWN! 👑 pic.twitter.com/aio02E9qOL
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) January 15, 2025
Understanding the Metrics
To evaluate Amelie’s assertion, it is important to distinguish between FDV and circulating market capitalization. FDV considers the total supply of a cryptocurrency—in XRP’s case, approximately 100 billion tokens. However, circulating market capitalization uses the current circulating supply, which for XRP stands at 57.49 billion tokens.
Currently, XRP trades at $3.23 with a market capitalization of $186.17 billion, based on its circulating supply, and this is the industry standard for ranking tokens. The FDV for XRP, using the total token supply, is $323.41 billion.
Circulating Supply-Based Analysis
At the time of Amelie’s analysis, Bitcoin had a market cap of $1.89 trillion, while Ethereum’s was at $383.94 billion. XRP must surpass Ethereum’s market capitalization using its circulating supply to flip Ethereum.
Dividing Ethereum’s current market cap by XRP’s circulating supply yields a breakeven price of approximately $6.678. Notably, a prominent analyst recently spotted a pattern on XRP’s chart that could send its market cap to $502 billion , surpassing ETH by a wide margin.
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For XRP to flip Bitcoin, its market cap must exceed Bitcoin’s $1.89 trillion. Using XRP’s circulating supply, this equates to a price of approximately $32.96 per XRP. Again, this is far beyond the $19 price suggested in the post.
Can XRP Take the Top Spot?
XRP has a long journey ahead, as $32.96 is 940% higher than its current price. Many in the crypto community have speculated that XRP could flip Ethereum. Ben “Bitboy” Armstrong, a strong proponent of XRP, has been a vocal advocate of XRP’s potential to flip Ethereum.
Many in the community have also drawn attention to the period in 2014 when XRP was the second-largest cryptocurrency. However, some are more ambitious. Dark Defender, a prominent crypto analyst, has weighed in on this, affirming that XRP can surpass Bitcoin , and take the crown as Amelie stated in her post.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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