- XRP could surpass Ethereum in market cap, according to CryptoLaw founder John Deaton, citing strong community backing and rising market momentum.
- The newly launched 2x leveraged XRP ETF (XXRP) pulled in $5M on day one—placing it in the top 5% of ETF launches and outperforming the 2x Solana ETF by 4x.
- XRP’s fully diluted valuation (FDV) has already exceeded Ethereum’s, sitting at $198B vs. ETH’s $191B—suggesting the gap may be closing faster than expected.
Okay, so this might sound like a bit of a moonshot—but there’s a growing buzz in crypto circles that XRP could actually flip Ethereum in market cap before the end of the year. Yeah, seriously.
And one of the loudest voices behind this bold idea? None other than John Deaton, founder of CryptoLawUS and a die-hard advocate for XRP holders throughout the long-running Ripple vs. SEC saga.
XRP’s Momentum Is Heating Up
According to Deaton, the gap between XRP and Ethereum isn’t as massive as it seems. In fact, when you dig into some recent moves in the market, the tides may be shifting.
Case in point: the launch of the 2x leveraged XRP ETF, called XXRP. It might’ve slipped under the radar for some folks, but it racked up $5 million in trading volume on its first day—which actually puts it in the top 5% of all ETF launches to date. That’s no small feat. And for comparison? It outperformed the 2x Solana ETF (SOLT) by a solid 4x.
Not too shabby.
But Deaton says it’s not just about the dollars and charts. The real strength, he argues, lies in the community. Over 75,000 XRP holders came together to petition the court in the Ripple lawsuit. That kind of united front isn’t something you see every day in crypto—and to him, it’s a pretty loud signal of long-term belief.
The Numbers Are Starting to Get Interesting
Right now, Ethereum’s market cap is sitting around $191 billion, while XRP is trailing behind at about $115 billion. So yes, there’s still a gap.
But—here’s the kicker: when you look at fully diluted valuation (FDV), the story changes. XRP’s FDV? Roughly $198 billion, which actually edges out Ethereum’s $191 billion FDV. Surprising, right?
It’s definitely not a done deal, and a lot would have to go right for XRP to pull this off. Still, the data and sentiment are starting to challenge the once-unchallenged dominance of Ethereum.
Flippening or fantasy? Guess we’ll find out soon enough.
