XRP Could Overtake Ethereum To Become Top Altcoin By Next Month, Driven by Trump Effect, XRP ETF Launch, Messari Says

XRP could overtake Ethereum (ETH) to become the new altcoin leader within the next month, driven by the Trump effect and a potential XRP ETF (exchange-traded fund) launch, according to Messari analyst Sam Ruskin.

“We are currently seeing a lot of front-running of this price movement, but I expect XRP to surpass ETH after Trump’s inauguration,” Ruskin said in a Jan. 16 X post.

Ruskin predicts the XRP price could soar between 35% and 50% in the month after Trump enters the White House. Ethereum’s market capitalization stands at $415.3 billion right now with XRP currently lagging well behind at $187.4 billion.

XRP vs ETH

XRP Has Much Healthier Open Interest Compared To ETH

According to Ruskin, several metrics suggest Ethereum is currently overvalued. Most notably, open interest for the largest altcoin by market cap is at a historical peak, while ETH’s price is more than 30% down from its all-time high of $4,800. He added that this disconnect between ETH’s open interest and price suggests low on-chain demand.

Meanwhile, XRP’s open interest “is much healthier” given the crypto’s open interest shows a strong correlation with XRP’s price, the analyst wrote in the X post. 

Trump Inauguration Could Be “Buying Event”

Ruskin added that Donald Trump’s inauguration could be seen as a “buying event” given the “bullish momentum from recent macro signals.” 

The analyst speculated that leading crypto industry figures such as Ripple CEO Brad Garlinghouse might also attend the event, which could bring more attention to XRP and potentially have a positive impact on the crypto’s price.

After Trump enters the White House, Ruskin predicts that there will be a “Senior Investor Coin Rotation” into legacy cryptos such as XRP, Hedera (HBAR), Stellar (XLM) and Cardano (ADA), similar to what was seen shortly after Trump’s election victory was confirmed.

Other developments that could boost XRP’s price mentioned in the post include the possible launch of an XRP ETF and new capital gains tax policies. 

Related Articles:

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  • Catslap Airdrops $100k USDT To Top 10 Slapdrop Winners
  • The Azuki NFT Team Sets To Launch Its $ANIME Coin

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