Recently, a user X reported that $LINK, the native cryptocurrency of the Chainlink Network, is making progress. He stated that LINK is currently trading at $24 with a market capitalization of $16.82 billion. He continues to compare this market with XRP and recommends users to redirect their investments into LINK before it surpasses XRP.
In response, Morgan points out the growing popularity of XRP within the cryptocurrency industry. He reinforces his argument by stating that major companies in the sector, such as Tidal Trust II, are engaging in the XRP ETF, as XRP's market capitalization has exceeded $169 billion.
He wrote: "Major companies like Tidal Trust II are currently applying for the XRP ETF with a leverage strategy that even includes direct investment in other XRP ETPs."
He also compares LINK's market capitalization with Cardano (ADA), which has a market capitalization of $31 billion. "I think you should focus more on flipping ADA, which is lagging by $13 billion in market capitalization," Morgan added.
Highlights of the Bullish XRP Market
Previously, Morgan emphasized the bullish trend of XRP. He pointed out that XRP's transactions and use cases show that the currency is fulfilling its intended role in providing liquidity.
He also points to the use of XRP in supporting Gemini. He noted that XRP has been used as a liquidity solution when Gemini faced challenges with traditional banking systems. Furthermore, Morgan emphasizes that XRP and Chainlink serve different needs and do not compete directly.
Current Market Outlook for XRP
By 2025, XRP is one of the leading cryptocurrencies with impressive features of XRPL for fast and efficient global financial transactions. Its price has also surged significantly after the Ripple lawsuit concluded. Analysts predict the price will continue to rise to between $3.50 and $5.00 by the end of 2025.
However, the XRP market in general has seen a decline in August. Currently, XRP is trading around $2.87, down about 17% from last month.
Moreover, investors are also anticipating the SEC's final decision on the XRP ETF, which could significantly boost its price and acceptance rate. Many major cryptocurrency players have applied for this ETF, and the application deadline is expected to be in October 2025.
