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Ex Goldman Sachs Analyst Says High Chance XRP Flips Ethereum Soon
Ex Goldman Sachs Analyst Says High Chance XRP Flips Ethereum Soon
January 18, 2025
ETH, XRP
Amid the XRP momentum, Dom Kwok, a former Goldman Sachs employee, insists there is a high chance that XRP flips Ethereum “very soon.”
XRP has been on an impressive run since November 2024, when it soared with the rest of the market following the U.S. presidential election. As the momentum picked up, XRP outperformed the broader crypto market, hitting $3.39 before facing resistance and consolidating now.
However, after a period of range-bound movements, XRP again rallied at a more substantial pace than the rest of the market last weekend, soaring 10% on Saturday, Jan. 11 while the broader market lagged. This pushed the XRP-ETH pair, which tracks XRP’s performance against Ethereum, to a 50-month peak of 0.0007885.
“High Chance XRP Flips Ethereum Soon”
Following a slight pullback on Sunday, XRP resumed the uptrend in the new week, with the XRP-ETH pair reaching a new top of $0.0008818 earlier yesterday. Amid this impressive momentum, Dom Kwok, a former Goldman Sachs analyst and co-founder of EasyA, made a bullish statement.
According to Kwok, there is now a high chance that XRP will overtake Ethereum to become the second-largest crypto asset. He noted that this event could materialize “very soon.”
High chance that XRP flips ETH very soon.
Are you ready for a new world order, anon? pic.twitter.com/bP3UjFVnEY
— Dom | EasyA (@dom_kwok) January 15, 2025
“Are you ready for a new world order?” Kwok quipped alongside his bold prediction, suggesting he sees such an event as a pivotal one. Kwok has always been bullish on the XRP ecosystem, recently touting the massive capital that could come from RWA tokenization on the XRPL.
Notably, Kwok’s latest commentary on the XRP-Ethereum market dynamics comes on the back of renewed discussions around XRP’s potential to flip Ethereum amid XRP’s outperformance. For context, XRP has gained by a massive 351% against Ethereum since November 2024.
XRP Market Cap Hits $177B
Interestingly, following Kwok’s remark earlier yesterday, XRP skyrocketed to reach a new milestone of $3.39 for the first time since January 2018. Despite a mild pullback, XRP has held above $3, with its market cap now sitting at $177 billion, representing an addition of $15.8 billion since Kwok’s commentary.
However, Ethereum’s market cap has increased by a more substantial rate, currently at $407 billion. In this position, XRP must increase to $7.07 to overtake Ethereum in market valuation. Nonetheless, this assessment assumes that Ethereum’s price would remain relatively stable, which is unlikely.
Currently trading for $3.10, XRP would need to increase by 129.5% to reach this $7 price mark necessary to flip Ethereum. Notably, market commentator EGRAG Crypto believes a $7.5 price looms for XRP. Last October, he predicted that XRP could soar to $7.5 once it breaks the resistance at what he calls the Genuine Wake-Up Line.
Meanwhile, at the current $3.11 price, XRP boasts an impressive 31.26% gain over the past week and an 8.7% rise in the last 24 hours. The asset is already up 49% this year, while Ethereum only sees a 1.45% gain.
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