XRP Might Flip ETH to Become the World's Second-Largest Cryptocurrency by 2025, Says Ex-Goldman Analyst

The XRP price crash has created a buying opportunity.

Despite Ethereum’s struggles, XRP is gaining strength.

Trump’s announcement of tariffs this week triggered a sell-off in the crypto market, including XRP, as investors considered the possibility of a global trade war and economic uncertainty.

However, Dom Kowk, cofounder of EasyA, believes the recent decline in Ripple’s native cryptocurrency could present a buying opportunity.

Chart showing the XRP price crash, creating a buying opportunity. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Kwok is highly optimistic about XRP and its expanding use cases, predicting that it could drive the XRP price to $6.0 by the end of 2025. His views on Ripple are noteworthy as Kwok was previously a senior analyst at Goldman Sachs.

What could propel XRP past ETH?

Dom Kwok now sees a “high chance that XRP flips ETH” to become the world’s second-largest cryptocurrency by market cap, after Bitcoin, in 2025.

“Are you ready for a new world order?” he wrote in a recent post on X.

The crypto veteran is bullish on Ripple primarily due to the increasing adoption of the XRP Ledger (XRPL) for fast and cost-effective transactions. Surging interest in tokenized real-world assets (RWAs) could also channel vast amounts of capital into XRP. Ripple’s recent partnership with Ondo Finance caters to this use case. There is also growing confidence that several XRP spot ETFs will soon be approved by the new pro-crypto SEC.

The math behind Ripple overtaking Ethereum

Ripple now boasts a market cap of around $147 billion after a 20% gain since the beginning of 2025. In contrast, Ethereum has had a poor start to the new year.

It is down more than 13% year-to-date, a sell-off that has significantly reduced its market cap to only $333 billion. Thus, XRP needs a 125% increase in market cap to surpass ETH and become the world’s second-largest cryptocurrency.

In terms of price, that translates to about a $6.0 Ripple, assuming Ethereum’s current market cap.

XRP market cap is catching up to ETH. Source: Market Cap Of

While that may seem ambitious at first glance, especially given Ethereum’s dominance in decentralized applications (dApps) and smart contracts, several crypto analysts anticipate it becoming a reality by the end of 2025.

EGRAG Crypto, for one, anticipates Ripple’s native cryptocurrency to conclude this year at a price exceeding $7.0, a level he termed the “Genuine Wake-Up Line” in a recent tweet.

XRP technicals and macro tailwinds are both bullish

Investors may also find comfort in XRP’s technicals, which indicate upward momentum.

Ripple appears poised to challenge its 200-day MA at the $2.80 level, and the Relative Strength Index (RSI) at 40 currently suggests that the coin is not overbought and that bulls have plenty of room to continue running in the days ahead.

XRP technicals are indicating further upside. Source: Trading View

And then, of course, there are the macro tailwinds. Recently, President Trump signed an executive order to establish a US sovereign wealth fund that will leverage national assets to invest in the country’s future.

While the order itself made no mention of crypto, Senator Cynthia Lummis, who chairs America’s first-ever Digital Assets Subcommittee, recently hinted that Bitcoin could be considered for the fund.

That could be a major positive for Bitcoin and the broader crypto market, including Ripple’s XRP. It is part of the reason why analysts at Sistine Research also anticipate XRP to surpass Ethereum in market cap in 2025.

Watch XRP Technical Analysis

Is XRP a top crypto to buy in 2025?

In summary, a massive rally in Ripple that could see it become the world’s second-largest cryptocurrency by market cap may be closer than you think.

Several prominent entities, including Bank of America, JPMorgan, American Express, Western Union, and even Amazon Web Services, currently use or accept XRP for payments.

And as Brad Garlinghouse continues to deliver on his promises of expanding real-life use cases, it’s possible that the price of XRP, his company’s native cryptocurrency will continue to reach new milestones moving forward.