Pro-XRP Lawyer: Not This Cycle. XRP Will Not Overtake Ethereum (ETH)
Main Idea
Pro-XRP lawyer and technical analysts argue that XRP will not surpass Ethereum (ETH) in market capitalization during the current market cycle, despite earlier predictions.
Key Points
1. Technical analyst Charting Guy noted that XRP was on track to surpass Ethereum in late 2023 and early 2024 but no longer believes this is possible.
2. Ethereum is currently only 10% away from its all-time high, while XRP's maximum potential upside is approximately 2.5 times its current value.
3. Even if XRP achieves this growth, its market capitalization would still not surpass Ethereum's.
4. Pro-XRP lawyer Morgan agreed with this assessment, stating, 'Not this cycle. XRP will not overtake ETH.'
5. Morgan also dismissed the idea that Ripple obtaining a banking license would significantly impact XRP's market position in the current cycle.
Description
Technical analyst Charting Guy recently shared his perspective on the market performance of Ethereum (ETH) and XRP, noting a shift in dynamics compared to earlier expectations. He explained that in late 2023 and early 2024, XRP appeared to be on track to surpass Ethereum in market capitalization. However, he stated that this is no longer the case. Charting Guy revealed that he re-entered Ethereum in April at what he considered near its low point, and since then, the asset has demonstrated signif...
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