XRP has surged past $1, ahead of Cardano and Dogecoin, sparking discussions about its potential to challenge Ethereum for the second-largest crypto asset.
XRP's rally was fueled by speculation of a resolution to the Ripple lawsuit after the CEO's meeting with President-Elect Donald Trump.
Despite XRP's recent performance, reclaiming the second position from Ethereum would be challenging, as ETH currently holds a market cap of $376.45 billion.
The growth rate required for XRP to reach ETH's valuation would be around 505.22%, necessitating significant institutional adoption and regulatory clarity.