Can XRP challenge Bitcoin and Ethereum?

In terms of financial and institutional markets: Yes, XRP has become a strong competitor thanks to its integration with banks and financial institutions, especially if its legal cases are resolved positively (like the famous SEC case).

In terms of popularity and general adoption (Retail Adoption): It still lags far behind Bitcoin and Ethereum, as most individual users do not use XRP for DeFi applications or NFTs.

In terms of market capitalization: It could compete strongly to be the third or fourth largest digital asset, but it is very difficult to surpass Bitcoin or Ethereum in terms of overall market dominance, at least in the short term.

In summary:

> XRP has a golden opportunity to be the "king of institutional payments" in the crypto world, but it does not necessarily aim to replace Bitcoin or Ethereum, rather to take a different and important share.