XRP has now recorded a Fully Diluted Valuation (FDV) of over $240 billion, surpassing Ethereum’s $231.5 billion. However, XRP’s market cap still lags behind at $140 billion compared to Ethereum’s $231 billion.
In recent months, Ethereum’s price has been steadily declining due to management issues at the Ethereum Foundation and the less than successful implementation of the Pectra upgrade.
Meanwhile, XRP has seen a price surge driven by regulatory clarity in the US crypto industry and support from institutional investors. Since Donald Trump’s re-election, XRP’s price has skyrocketed by over 300%, peaking at $3.38 in January.
Notably, the XRP Ledger (XRPL) has been adopted by various financial institutions, such as Societe Generale, and more asset managers are applying to launch XRP Exchange-Traded Funds (ETFs).
Rumors suggest that BlackRock will soon take this step, further raising positive expectations among investors. Analyst Nate Geraci predicts that an announcement regarding an XRP ETF will likely follow the resolution of the SEC conflict.
Previously, the SEC planned to close its case against Ripple, which could potentially reclassify XRP as a commodity and no longer a security. If this happens, the impact on XRP market dynamics could be very positive.
