As we reported at Kriptokoin.com , XRP has recently attracted the attention of investors again. Popular crypto analyst Dark Defender claimed that Ripple could surpass Ethereum in terms of market value in the current market cycle. This striking prediction has had a great impact, especially with claims that XRP could even dethrone Bitcoin. Dark Defender explained why this change is possible. The analyst also said that a major price rally is on the way for XRP in the future.
XRP Could Overtake Ethereum! Here Are Five Important Reasons
Dark Defender shared five key reasons why he believes Ripple could overtake Ethereum . First, he highlighted the recent decision by US Judge Analisa Torres, who stated that XRP is not a security per se. This decision removes legal uncertainty for XRP, boosting investor confidence, and paving the way for Ripple to make a stronger push into the US market.
Secondly, Ripple’s achievements are also noteworthy. Although the analyst did not elaborate on these developments, moves such as Ripple’s DFSA approval to expand its payment services in the UAE come to mind. Such steps further solidify Ripple’s position as a global payment system.
The Impact of CBDCs and New Stablecoins
Dark Defender said that Central Bank Digital Currencies (CBDC) and new stablecoin projects will also play an important role in XRP’s surpassing Ethereum. In particular, Ripple’s RLUSD stablecoin and plans to launch a Dirham-backed stablecoin in the UAE are noteworthy in this context. Such innovations will expand XRP’s area of use and increase its value.
In addition, the global acceptance of CBDC projects is also a great opportunity for XRP . Ripple’s participation in these projects will increase XRP’s trading volume. This will cause a serious jump in XRP’s market value.
Could XRP Dethrone Bitcoin?
The analyst said that XRP will not only surpass Ethereum but also Bitcoin . He claims that XRP may be the only crypto asset with clarity in terms of regulation. This will put Ripple in a unique position among other crypto assets. Especially for institutional investors, this clarity is a great advantage.
On the other hand, it has long been known that Bitcoin is not a security. SEC Chairman Gary Gensler has clearly stated that Bitcoin is not a security. However, according to Dark Defender, XRP’s greater use will put it one step ahead.
The Coming Bull Run for XRP
The analyst states that XRP is preparing for a new bull run . He suggests that this rally will begin on November 24. He reminds us that Bitcoin Dominance reversed in the monthly RSI and a similar situation occurred in January 2021. At that time, the price of Ripple rose from $ 0.170 to $ 1.966.
Additionally, another analyst, Mikybull Crypto, also paints a positive picture for XRP. He notes that Ripple usually makes a strong rally after election cycles. Mikybull Crypto claims that the price of Ripple could reach as high as $19.
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