Why XRP can bypass Ethereum

XRP confidently claims to overtake Ethereum (ETH) by market capitalization. Forecasts for 2025 indicate several factors that can make XRP the second largest cryptocurrency.

This thesis has three confirmations. We talk about each in more detail.

Completely divorced XRP rating exceeded ETH rating

According to the latest data from CoinmarketCap, XRP officially bypassed Ethereum on a completely diluted rating (FDV). The XRP indicator is $ 210 billion, and for ETH $ 196 billion.

FDV is an important indicator that reflects the potential cost of all tokens in circulation, including those that have not yet been released. This suggests that XRP is assessed above than ETH, given their maximum offer.

Investors, such as John Squire and Edoardo Farin, see the leadership of XRP in FDV as an early sign that his market capitalization can soon surpass Eth.

“For more than 6 months, XRP has been overtaking Ethereum. The coup has begun! ” – said Edoardo Farina.

Investor Donnie also claims that a higher FDV in XRP indicates a change in market perception. In his opinion, this indicates the growing interest of investors in XRP.

Capital goes from Ethereum to XRP

Another important factor is the movement of capital between two altcoins. TradingView data show that the dominance of ETH (ETH.D) has decreased to a new minimum, while the dominance of XRP (XRP.D) increased significantly in 2025.

Ethereum Dominance vs XRP Dominance. Source: TradingView.

Domination indices show how the capital on the market is distributed. Since November last year, Eth.D has fallen from 14% to 7%. At the same time, XRP.D increased from 1.2% to 4.5%. This difference shows that investors prefer XRP, not ETH.

Such a movement of capital also led to an important technical result. The XRP/ETH schedule has struck the descending trend line, which has been held since 2016, signaling the long -term bull -clicking trend for this pair.

XRP/ETH Performance Chart. Source: Cryptollica

A recent report from CoinShares confirms the thesis. It states that last week investment products in digital assets showed different streams for ETH and XRP. Ethereum recorded an outflow of $ 26.7 million, and XRP attracted $ 37.7 million.

The mood of investors

As a result, the mood of investors are inclined in favor of XRP. Recent reports emphasize the growing optimism around the XRP, while ETH is faced with great skepticism.

According to the recent report by Beincrypto, the price of the XRP is at the stage of “predetermined” growth. This is due to the support of financial institutions and the development potential of XRP Ledger.

At the same time, ETH is faced with negative news and doubts. Headings like “Ethereum dominance has reached a 5-year minimum” and criticism ETH worsens its perception.

The mood in the market greatly affect prices. XRP support can lead to the fact that it will overtake ETH by market capitalization.

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Source: Cryptocurrency

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