BitBoy says Ethereum can run but can’t hide from XRP

Popular media star Ben Armstrong (BitBoy) has commented on XRP’s recent achievement, which has seen the asset inch closer to Ethereum.

In a tweet on Friday, Armstrong reiterated his long-held belief that XRP will overtake Ethereum’s market cap during this bull run. This latest disclosure comes as XRP is now the fifth largest crypto asset by market cap, surpassing Binance Coin (BNB).

The reversal occurred yesterday when XRP hit the price of $1.70, increasing its market cap to $97 billion and allowing it to outperform BNB. Meanwhile, tThe gap between XRP and BNB has continued to widen as the price of XRP has risen even further.

XRP has now reached a new three-year high of $1.94. At this price, XRP has a market cap of over $110 billion, putting it closer to Solana (SOL).

Solana currently has a market cap of $117 billion, putting it $7 billion ahead of XRP. However, XRP could surpass Solana in market valuation if its price reaches $2.10, especially if the price of SOL does not move proportionally. This would put XRP just behind Ethereum (ETH), the altcoin leader.

Ethereum cannot hide from XRP

Amid the impressive moves, market commentators like Armstrong reiterate that XRP will overtake Ethereum this season. “ETH, you can run, but you can’t hide (from XRP)” BitBoy remarked.

Notably, Ethereum is currently trading at $3,704, giving it a market cap of $445.16 billion. Since XRP’s market cap is $110 billion, the price would have to quadruple to approach Ethereum’s valuation.

Although this goal seems ambitious, XRP has recently shown spectacular price increases of a similar magnitude. As recently as November 4th, XRP was trading at $0.4968, but since then it has risen 291% to $1.94. Over the same period, the value of Ethereum has only increased by 40%.

If XRP continues its remarkable price rise and Ethereum’s growth remains modest, this could lay the foundation for the turnaround.

XRP price when it reaches Ethereum market cap

Notably, if XRP approaches Ethereum’s current valuation, this would equate to a price of around $8, an estimate that many analysts believe XRP could reach during this bull season.

However, critics are skeptical about the possibility of XRP overtaking Ethereum in market capitalization. They argue that this is too ambitious a target for XRP this season, and some predict that XRP’s bull market could lose steam in the $3 to $5 price range.

Nevertheless, those who believe that XRP could reach double-digit prices remain confident that the reversal will take place.