Can XRP challenge Bitcoin and Ethereum?

From a financial and institutional market perspective: Yes, XRP has become a strong competitor thanks to its integration with banks and financial institutions, especially if its legal cases are resolved positively (such as the famous SEC case).

From the perspective of popularity and general adoption (Retail Adoption): It is still significantly behind Bitcoin and Ethereum, as most individual users do not use XRP for DeFi or NFT applications.

In terms of market value: It could strongly compete 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 near term.

In summary:

> XRP has a golden opportunity to be the "King of Institutional Payments" in the crypto world, but it does not necessarily seek to replace Bitcoin or Ethereum, rather to take a significant different share of the pie.