In the past six months, XRP's return rate has exceeded 300%, far surpassing Bitcoin and Ethereum. Recently, after the launch of CME futures, the price broke $2.19, and analysts predict that if it breaks $2.30, it may further challenge $6.50. Currently, XRP's market capitalization is about $140 billion, and if the cross-border payment market penetration increases, its value still has room for growth.

Bitcoin and Ethereum have market capitalizations of over $1.6 trillion and $400 billion, respectively. XRP needs to achieve several times growth to be on par, but the limitations of existing application scenarios may restrict its scale expansion. XRP has been criticized for its centralization due to Ripple Labs' control over the token supply (such as holding 55 billion XRP), which undermines its appeal among decentralized believers. Stablecoins and other payment chains may divert XRP's market demand, especially in the traditional financial sector.

XRP is more likely to become a 'niche leader' in the payment field, rather than a comprehensive challenger to Bitcoin and Ethereum. Its market capitalization growth depends on the actual adoption rate of cross-border payments and the continued expansion of the Ripple ecosystem. XRP has unique advantages in the payment track, but it needs to break through existing application boundaries and consolidate regulatory achievements to occupy a more core position in the cryptocurrency ecosystem.