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Messari's Sam Ruskin highlighted post-election momentum, a possible introduction of an XRP ETF, and the rotation towards “boom coins” as key factors that could allow XRP to outperform eth.
Ruskin suggested that XRP (XRP) could surpass ethereum (eth) in market capitalization. in a <a target="_blank" href="https://x.com/CryptoSam01/status/1879917764393181476″ target=”_blank” rel=”nofollow”>detailed post On x, Ruskin pointed to a 460% rise in the price of
Ruskin attributes XRP's recent gains to macroeconomic factors and sector-specific catalysts. These include Donald Trump's inauguration, speculation over a US spot XRP ETF filing, and proposed capital gains tax policies that could benefit US-based crypto projects like XRP.
Additionally, Ruskin sees a market trend favoring established cryptocurrencies such as XRP, HBAR (HBAR), Stellar (XLM), and Cardano (ADA), dubbed “boomer coins.”
The challenges of ethereum
While ethereum faces challenges such as increased competition from Layer 2 scaling solutions and rival blockchains like Solana (SOL), XRP has a more unified community and a clear narrative around its role in the future of finance.
“The market cap of eth ETFs represents 3% of all ethereum,” Ruskin wrote, “while the market cap of btc ETFs represents almost 10% of all bitcoin. Retail has not worked with ethereum like it has with bitcoin, and on-chain morale has suffered as a result.”
ethereum's on-chain metrics also reveal worrying trends. Ruskin highlighted declining retail interest in eth, oversaturation of L2 solutions, and a fragmented community as factors hampering its growth.
By contrast, XRP's price momentum and rising investor confidence point to near-term gains, with Ruskin predicting another 35-50% price rise in the months following Trump's inauguration.
