For much of late 2024 and early 2025, many in the crypto world believed XRP could overtake Ethereum in market capitalization. The belief grew after XRP’s powerful rally late last year, which saw it outperform most major coins while Ethereum struggled to hold key price levels.
At the time, market analysts were confident the gap between the two would soon close. Now, one of the most vocal supporters of the flippening, a popular analyst known as Charting Guy, has reversed his position and says it’s unlikely to happen anytime soon.
Analyst Backtracks On XRP Flippening Ethereum Prediction
Charting Guy pointed to the period between November 2024 and January 2025, when XRP surged nearly 600%, while ETH barely moved and even dropped to lows of $1,385 in April. During that time, XRP’s price strength and rapid market cap growth, increasing about seven times in just weeks, led many to believe it could become the top altcoin.
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However, in a post this week, Charting Guy admitted, “that is no longer the case.” He explained that he re-entered Ethereum in April, near its lows, and since then, ETH has shown “immense strength.” As of today, Ethereum is trading just 10% below its all-time high of $4,891, reaching $4,784 earlier in the day. Its current price of $4,736 marks a 239% increase from its April low.
The surge pushed Ethereum’s market cap to $572 billion, compared to XRP’s $193 billion. The gap between them, now more than $368 billion, has grown significantly since July 13, when it was under $200 billion. Charting Guy says Ethereum’s strong performance has made a flippening far less realistic, at least in the near term.
Ethereum’s Strength Leaves XRP Playing Catch-Up
In the past four weeks alone, ETH has jumped 52%, while XRP’s growth has largely stalled. Even if XRP were to rise 2.5 times from its current price of $3.22 to roughly $8, its market value would be around $477 billion, still far short of Ethereum’s current level.
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Charting Guy also pointed out that for XRP to match Ethereum’s current market cap, it would need to reach $9.30, and that’s assuming ETH stops moving entirely while XRP rallies 3x. In his view, that scenario is “rather unlikely.” He warned against listening to “moon boys” who push unrealistic XRP price targets while ignoring Ethereum’s continued strength.
Instead, he advises investors to hold both assets, arguing that being too focused on one coin leaves traders exposed if the market moves in a different direction. He stressed that Ethereum’s strong rally was overdue, as it had been playing catch-up to Bitcoin for most of the season.
What once seemed like a real possibility now appears distant as Ethereum gains momentum. While XRP still has room to grow, it’s clear that Ethereum is not standing still, making the race between them more one-sided for now.
Featured image from Dall.E, chart from TradingView.com
