The gap between XRP and Ethereum in terms of market cap has decreased drastically since November 2024, dropping roughly 33% over the past 4 months. This has increased the number of discussions in the community about a possible change in position for both assets. Recently, XRP’s (XRP) fully diluted valuation (FDV) managed to flip Ethereum; however, Ether (ETH) leads both market cap and FDV.
Ethereum and XRP MC, FDV and price comparison. Source: Coingeckoo
With a $124 billion market cap discrepancy, one analyst identified a parabolic scenario for XRP, which according to data, has historical credibility.
XRP/ETH eyes pivotal resistance breakout
Dom, an XRP market analyst, recently compared different timelines for the XRP/ETH chart that displayed XRP’s attempt to break a long-term resistance against its counterpart.
XRP/ETH chart against 0.0012 resistance. Source: X.com
As shown above, the XRP/ETH pair is at a critical junction under the 0.0012 overhead resistance level, which has historically triggered a parabolic rally of 160% when breached. This multi-week outperformance for XRP possibly positions the altcoin for another breakout in 2025.
Dom said that if XRP can break through its current resistance level, it might rally on its own against ETH. Even if it only achieves half its typical past gains (about 80%), it could still surpass ETH in market cap.
Meanwhile, Bobby A, a crypto trader, believed that despite being in a “highly fearful market environment,” XRP has gained price acceptance above its previous cycle high from April 2021.
XRP monthly chart analysis by Bobby A. Source: X.com
Irrespective of market volatility for the rest of 2025, the analyst predicted that XRP price could average around $2.29 to $2.61 in mid-2025, supported by market trends and the asset’s breakout from a long-term accumulation pattern.
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XRP futures traders remain sidelined
XRP price jumped 15% over the past day in anticipation of the upcoming crypto summit in the White House, with the markets speculating positive news catalysts.
Alongside its price rise, onchain activity also exhibited a significant spike, with daily active addresses increasing by 135,000 on March 4. Over the past week, active addresses surged by 620%, rising from 74,589 to 462,650 since Feb. 28.
XRP futures open interest. Source: CoinGlass
However, data from CoinGlass suggested that XRP futures traders were still inactive in the markets. After future open interest (OI) dropped by 63% between Jan. 18 and March 1 ($7.87 billion to $2.92 billion), the OI has registered a minor tick of 15% over the past few days, suggesting a lack of interest in the futures and perpetual market.
Related: Bitcoin price metric that called 2020 bull run says $69K new bottom
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
