Former Goldman Sachs Analyst Tips XRP To Flip Ethereum Amid Dominance War

• Market analysts are convinced XRP will flip Ethereum in market capitalization.
• The potential end of the Ripple Lawsuit and tokenization drive fuels this thesis.

The growth in the crypto ecosystem has placed the spotlight on XRP in the past few weeks. With the coin hitting a 7-year high recently, many crypto pundits now believe XRP could flip Ethereum soon. Dom Kwok, a former Goldman Sachs Analyst, is a market veteran who favors XRP to flip Ethereum.

The XRP Prospect Over Ethereum

Current market dynamics show XRP is in a cooloff mode, dropping 2.19% in 24 hours to $3.134. 

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In comparison, the price of Ethereum jumped 1.37% to $3,377.04, showing dominance on the daily chart. However, since President-elect Donald Trump won the election in November 2024, XRP has outperformed Ethereum. 

Market data pegged the XRP growth in the past 7 days at 24.8%, with the 90-day high at 476%. On the other hand, Ethereum has only printed 26.87% in 90 days, a growth dwarfed by XRP’s. On this premise, Dom Kwok believes a new world order is coming that might see XRP flip Ethereum soon.

XRP has a market capitalization of $180.08 billion, compared to $407.12 billion for Ethereum. Although the Goldman Analyst did not provide more context per his latest post, it aligns with the general sentiment.

As we mentioned in our earlier news brief, an early Ripple staff and founder of Omni Network, Austin King, believes XRP could hit a trillion-dollar. His thesis aligns with Dom Kwok’s and hinges on its potential push in Real World Asset (RWA) tokenization. 

The push for XRP to outrank Ethereum as the second-largest asset is no small feat. The coin must soar to about $7 to surpass the Ethereum market capitalization. This figure remains viable based on the assumption that Ethereum’s price remains unchanged.

XRP Growth Catalysts To Watch Out For

The XRP ecosystem has much to hope for in the incoming Donald Trump administration. First, there is an expectation that the lingering XRP securities lawsuit will be dismissed under Paul Atkins. 

As noted in our earlier post, the US Securities and Exchange Commission (SEC) has filed a new appeal in the case. The regulator claims that the sales of XRP to retail investors constitute a securities offering. However, market experts are optimistic that the pro-crypto Donald Trump administration will dismiss non-fraud cases initiated by Gary Gensler.

If this happens, Ripple will be placed as one of the beneficiaries, which might impact XRP positively.

Beyond the lawsuit that might catalyze XRP’s growth, Ripple Labs is also pushing new frontiers in tokenization. The firm is actively collaborating with Archax to drive this tokenization agenda. The firm has already introduced RLUSD stablecoin, a form of USD tokenization on the XRP Ledger and Ethereum network.

XRP will be the beneficiary in all these initiatives, as new liquidity will enter the network, power open interest, and drive price in the long term.