The Great Race Has Begun: Can XRP Take the Throne of Ethereum?

As reported by Kriptokoin.com, XRP has recently rekindled investors' interest. Popular crypto analyst Dark Defender claimed that XRP could surpass Ethereum in terms of market value in the current market cycle. This striking prediction, especially coupled with claims that XRP could even dethrone Bitcoin, has caused a great stir. Dark Defender explained why this shift is possible. Additionally, the analyst said that a major price rally is also on the horizon for XRP in the future.

XRP Can Surpass Ethereum! Here are Five Important Reasons

Dark Defender shared five key reasons why he thinks XRP could surpass Ethereum. First, he emphasized the decision of US Judge Analisa Torres, stating that XRP is not a security on its own. This decision eliminates legal uncertainty for XRP, increasing investor confidence. Additionally, this situation paves the way for Ripple to advance more strongly in the US market.

Secondly, developments achieved by Ripple are also noteworthy. Although the analyst does not detail these developments, moves such as Ripple obtaining DFSA approval to expand its payment services in the UAE come to mind. Such steps further solidify Ripple's position in the global payment system.

The Impact of CBDCs and New Stablecoins

Dark Defender said that Central Bank Digital Currencies (CBDC) and new stablecoin projects will play an important role in XRP surpassing Ethereum. In particular, Ripple's RLUSD stablecoin and plans to launch a Dirham-backed stablecoin in the UAE are noteworthy in this context. These types of innovations will expand the use cases of XRP and increase its value.

In addition, global acceptance of CBDC projects is also a great opportunity for XRP. Ripple's participation in these projects will increase XRP's trading volume. This situation will cause a significant jump in the market value of XRP.

Can XRP Dethrone Bitcoin?

An analyst said that XRP will not only surpass Ethereum but also Bitcoin. It claims that XRP may be the only crypto asset with clarity in terms of regulation. This will uniquely position XRP among other crypto assets. This clarity is a great advantage especially for institutional investors.

On the other hand, it has long been known that Bitcoin is not a security. SEC Chairman Gary Gensler clearly stated that Bitcoin is not a security. However, according to Dark Defender, XRP's wider range of uses will give it an advantage.

Upcoming Bull Run for XRP

An analyst is indicating that XRP is preparing for a new bull run. He specifically claims that this rally will start on November 24th. He reminds us that Bitcoin Dominance reversed in the monthly RSI and a similar situation occurred in January 2021. At that time, XRP's price had risen from $0.170 to $1.966.

In addition, another analyst, Mikybull Crypto, also paints a positive picture for XRP. He mentions that XRP generally has a strong rally after election cycles. Mikybull Crypto claims that the price of XRP could reach the $19 level.

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