A outstanding market commentator has insisted that XRP is truly a risk to Bitcoin’s dominance within the cryptocurrency market.
This daring suggestion got here from Charles Shrem, the notable crypto YouTuber and market analyst behind the Blockchain Backer crypto account, who has, through the years, expressed his bullish stance on XRP. Notably, his current comment comes at a time when XRP is nonetheless struggling to sustain with Bitcoin’s current uptrend.
Bitcoin Outpaces XRP This Yr
For context, after XRP gained 222% towards Bitcoin from November 2024 to January 2025, it witnessed a large collapse from February 2025. Notably, since February, XRP has crashed over 39% towards Bitcoin. This is due to the truth that whereas BTC has seen new ATHs since February, XRP has largely consolidated round $2.
Regardless of this prevalent sample, market commentators like Shrem consider XRP has the potential to threaten Bitcoin’s dominance. In his newest commentary, he highlighted in a easy method for the primary time that XRP is a risk to Bitcoin, to make clear his place to most people.
XRP a Threat to Bitcoin?
It bears mentioning that whereas Shrem had up to now hinted at this place, this is the primary time he is boldly declaring it immediately. As an example, following Donald Trump’s January 2025 government order to discover the creation of a “digital asset stockpile,” Shrem steered that Bitcoiners perceived XRP as a risk.
Particularly, Trump ordered that a staff discover the suitable avenue to create a “digital asset stockpile” as a substitute of a “Bitcoin reserve.” Whereas this triggered considerations amongst Bitcoin proponents, most of them directed their frustration to XRP, claiming Ripple CEO Brad Garlinghouse had advocated for the inclusion of XRP.
This antagonism continued regardless of the manager order having no point out of XRP. In response, Shrem steered that the explanation Bitcoin maximalists had directed their anger at XRP was as a result of they felt threatened by XRP.
The humorous factor is… XRP was by no means talked about within the government order. However, the Bitcoiners have all the time recognized it’s the risk for the crown.
That’s why the assault is on. They know.
— Blockchain Backer (@BCBacker) January 24, 2025
The fixed criticisms from the Bitcoin neighborhood finally led to a full-blown battle with the XRP neighborhood. Amid the battle, Shrem famous in a subsequent commentary that Bitcoin proponents have been not directly promoting XRP as a risk to overthrow Bitcoin. It is unclear if Shrem referred to their respective market positions or one thing else solely.
XRP Worth If It Surpasses Bitcoin Market Cap
Nevertheless, regardless of the persistent solutions, XRP is nonetheless a good distance from recovering the second spot from Ethereum (ETH), a lot much less overthrowing Bitcoin in market place.
For context, presently buying and selling for $2.09, XRP has a market cap of $123.7 billion. To surpass Ethereum’s valuation of $295.3 billion, XRP would wish to rise 139% to a worth of $5 per token.
In the meantime, Bitcoin, which presently trades for $107,000, boasts a market cap of $2.125 trillion, being the most important crypto asset out there. For XRP to overthrow BTC at this present place, its worth should rise 1,622% to $36. Apparently, analyst Darkish Defender predicted last October that XRP may attain $36.
DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article could embrace the creator’s private opinions and don’t replicate The Crypto Primary opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Primary is not chargeable for any monetary losses.
