The company stated that Ripple, the Chief Technology Officer, mentioned during a X Spaces discussion that XRP has the potential to surpass Bitcoin in market value in the future. However, he emphasized that this does not mean Bitcoin needs to decline, provided that XRP continues to grow more rapidly within the broader digital asset market.
Schwartz Discussing anti-overtruncation conditions
When asked whether XRP might truly surpass Bitcoin, Schwartz gave an affirmative answer. His core judgment is that if the crypto market continues to expand as a whole, there is still room for growth in the top assets, and if the growth rate of XRP remains higher than that of Bitcoin over the long term, there is a chance to narrow the gap.
He believes that this is more of a long-term outcome, rather than a change in rankings triggered by short-term price fluctuations.
The adoption rate of XRPL is considered a key factor.
Schwartz indicates that the long-term performance of XRP will depend on the actual usage of XRP Ledger ( XRPL ). If the network gains access to more real-world scenarios and attracts new products and institutions to integrate, the demand for XRP may increase accordingly.
The article mentions that XRPL has recently completed some technical updates, including security checks for protocol-level permission functions and upgrades to improve node performance in order to reduce ledger operation issues. Schwartz also notes that XRPL has incorporated multiple financial functions directly into the network rules, which means that some services no longer need to rely on external smart contracts.
Based on the current market value, it needs to rise to approximately $25.
From the data, XRP still has a long way to go before it can catch up with Bitcoin. The article states that XRP currently has a price of about $1.38 and a market value of approximately $86.32 billion; Bitcoin has a price of about $77,887 and a market value of around $1.56 trillion.
Calculated in this way, there is still a market value gap of about $1.49 trillion between XRP and Bitcoin. If the market value of Bitcoin remains unchanged, XRP would need to increase by about 18 times, to a price of around $25, in order to be roughly on par with Bitcoin's current market value.
The article also mentioned that XRP briefly surpassed Ethereum during the bull market from 2017 to 2018, becoming the second-largest cryptocurrency by market value, with a market value reaching $86 billion at one point.
Additional information:It is also mentioned in the text that the cumulative net inflow of US spot XRP ETF amounts to about $1.7 billion, and some financial institutions are also listed among those that have disclosed their holdings. These factors are used to indicate that institutional demand is on the rise.
