Here’s How Much XRP Needs to Rise from Its Current Price to Overtake Bitcoin

As the ongoing bull market reaches a fever pitch with XRP breaking historic highs, discussions about XRP overtaking Bitcoin are emerging.

Notably, XRP is trading at a seven-year high of $3.66 today, with an all-time high market cap of $216 billion. This valuation places XRP as the third-largest crypto, behind only Bitcoin and Ethereum.

WisdomTree categorizes both Bitcoin and XRP under “Layer-1 payments,” distinguishing XRP from other altcoins. XRP’s capped supply, deflationary model, and institutional readiness further bolster its investment appeal.

The report suggests that institutional investors are increasingly looking beyond Bitcoin, and XRP’s inclusion signals growing confidence in its potential as both a payment asset and a store of value. Notably, WisdomTree is among the institutions seeking exposure to XRP, having filed to list XRP ETFs.

What It Would Take for XRP to Overtake Bitcoin

According to the report, WisdomTree indicated that XRP would need only a 20X price increase to match Bitcoin’s trillion-dollar market cap.

It’s worth noting that the data in the report was compiled back in October 2024. At that time, XRP traded between $0.50 and $0.60. Bitcoin was between $59,000 and $70,000, with a market cap ranging from $1.2 trillion to $1.4 trillion.

From that point, a 20X surge in XRP’s price would place it between $10 and $12. However, with a circulating supply of 59 billion tokens, this would not push XRP’s market cap into the trillion-dollar range.

Meanwhile, considering XRP’s maximum supply of 100 billion tokens, the fully diluted valuation would reach trillions with a 20X surge.

Interestingly, with the significant price appreciation since then, XRP has considerably closed the gap with Bitcoin, altering the equation.

From today’s price of $3.66, a 20X surge would give XRP a market cap of approximately $4.26 trillion, based on its circulating supply of 59 billion. Such a surge would put XRP’s price above $73 per coin.

Notably, to match Bitcoin’s current market cap of $2.4 trillion, XRP would only need to reach slightly above $40, requiring an 11X surge. Many analysts believe the level is achievable this year. However, any further rise in Bitcoin’s value would widen the gap again, making XRP’s path to overtaking it more difficult.