Ripple's new phase, free from the Securities and Exchange Commission (SEC) lawsuit, has generated great optimism among investors. The enthusiasm is such that some XRP supporters claim that its performance will surpass that of Bitcoin. On social media, the XRP Army maintains intense negotiations with BTC maximalists.
XRP advocates argue that the cryptocurrency has a similar upward trajectory to Bitcoin, which would give it more room for growth. This reasoning echoes the statement of Cardano founder Charles Hoskinson that ADA could grow a thousand times, while Bitcoin did not have that potential.
In the debate, a user known as SusieBdds, a former dentist who retired thanks to BTC, argues that owning 0.0027 BTC is preferable to owning 100 XRP. Although both amounts are equivalent in dollars, she believes that the real difference will be seen in the long term. From there, the projections and rhetoric of each side are built.
An XRP enthusiast claims that its price will reach $1,000 when Bitcoin hits $1 million. While acknowledging that BTC will continue its dominant trajectory, he argues that, in terms of percentage performance, the Ripple token offers greater potential.
Will XRP maintain its strong performance?
At the time of writing this article, XRP is trading at $3.23, up 1% in the last 24 hours, according to CoinMarketCap data. Bitcoin, on the other hand, is above $120,000, with a daily gain of 1.8%. The upward momentum is led by BTC and ETH.
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Regarding the catalysts, both assets have solid fundamentals to support an upward trend. Bitcoin continues to advance in institutional adoption, with a growing number of companies and funds acquiring the cryptocurrency. ETFs, corporate treasury bonds, and future national reserves could reduce the available supply, strengthening its price.
For its part, XRP stands out as a robust solution for global payments. The modernization of financial platforms will drive the adoption of the XRP Ledger, which could translate into a significant increase in its value.
According to Ripple's CEO, Brad Garlinghouse, this transition will happen faster than many expect. Therefore, both BTC and XRP have strong arguments for significant gains in the coming years.
It is difficult to predict the exact price of XRP, as the dynamics of the cryptocurrency market are complex and influenced by many factors. However, it is likely that the price of XRP will rise significantly if Bitcoin reaches $1 million, driven by overall market optimism and capital flow to altcoins.
It is difficult to predict the exact price of XRP, as the dynamics of the cryptocurrency market are complex and influenced by many factors. However, it is likely that the price of XRP will rise significantly if Bitcoin reaches $1 million, driven by overall market optimism and capital flow to altcoins.
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