{"id":4206,"date":"2025-04-22T04:11:09","date_gmt":"2025-04-22T04:11:09","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-surpasses-ethereum-in-this-major-metric-after-outperforming-for-6-months\/"},"modified":"2025-04-22T04:11:09","modified_gmt":"2025-04-22T04:11:09","slug":"xrp-surpasses-ethereum-in-this-major-metric-after-outperforming-for-6-months","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-surpasses-ethereum-in-this-major-metric-after-outperforming-for-6-months\/","title":{"rendered":"XRP Surpasses Ethereum In This Major Metric After Outperforming For 6 Months"},"content":{"rendered":"

In a surprising move within the crypto market, downtrend this bull cycle, XRP\u2019s performance over the last six months has been nothing short of impressive, leading to it quietly overtaking the world\u2019s second-largest cryptocurrency<\/a> by market capitalization.<\/p>\n

XRP Flips Ethereum In FDMC<\/h2>\n

Edward Farina, a crypto analyst and outspoken XRP supporter, took to X (formerly Twitter) on April 18 to announce<\/a> that XRP has officially overtaken Ethereum in terms of Fully Diluted Market Capitalization. The FDMC represents the total potential value of a cryptocurrency if all of its tokens were in circulation.\u00a0<\/p>\n

This metric is usually calculated by multiplying a cryptocurrency\u2019s current price by its maximum token supply<\/a>. This contrasts with the more commonly referenced market capitalization metric, which only factors in circulating supply.\u00a0<\/p>\n

At the time of his post, Farina reported that XRP\u2019s FDMC had reached $208.4 billion, surpassing Ethereum\u2019s $192.5 billion by approximately $15.9 billion. This marks over six consecutive months of XRP outperforming Ethereum<\/a> in terms of projected value, signaling a potential shift in altcoin dominance between the two leading cryptocurrencies.\u00a0<\/p>\n

Despite XRP\u2019s FDMC milestone, it’s worth noting that Ethereum\u2019s current market capitalization remains significantly higher. As of writing, ETH\u2019s market cap is estimated at $199.14 billion, compared to XRP\u2019s $124.3 billion, reflecting a difference of around $74.84 billion.\u00a0<\/p>\n

The key reason for this discrepancy between XRP\u2019s market capitalization and FDMC lies in its unique token structure. A significant portion of XRP\u2019s supply is held in escrow, meaning those tokens are not yet available in the open market. While they do not count toward the circulating supply, they are included in its Fully Diluted Market Capitalization.\u00a0<\/p>\n

The implication behind this distinction remains clear: if all of XRP\u2019s tokens in escrow were unlocked and circulated today, its market value could exceed that of Ethereum. As the altcoin steadily gains momentum in valuation metrics and investor interest, it could pose a significant challenge to Ethereum\u2019s position<\/a> as the number one altcoin and second-largest cryptocurrency.\u00a0<\/p>\n

Bollinger Bands Signal Major Move In The Altcoin Price<\/h2>\n

The XRP price could be gearing up for a significant move upward as technical chart indicators point toward rising volatility. A recentBollinger Bands tightening \u2014 a classic signal that often precedes a breakout.\u00a0<\/p>\n

Currently trading near the midline of the bands after a bounce from the lower support zone, XRP is now consolidating within a narrow range. The \u201csqueeze\u201d pattern reflects reduced volatility<\/a>. While the target of the proposed price move remains uncertain, Martinez is confident that its next breakout is just around the corner.<\/p>\n

\"XRP\"<\/p>\n","protected":false},"excerpt":{"rendered":"

In a surprising move within the crypto market, downtrend this bull cycle, XRP\u2019s performance over the last six months has been nothing short of impressive, leading to it quietly overtaking the world\u2019s second-largest cryptocurrency by market capitalization. XRP Flips Ethereum In FDMC Edward Farina, a crypto analyst and outspoken XRP supporter, took to X (formerly…<\/p>\n","protected":false},"author":1,"featured_media":4207,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[130,220,1354,2267,102,2268,2269,150,326,327,153,154],"class_list":["post-4206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ali-martinez","tag-altcoin","tag-bollinger-bands","tag-edward-farina","tag-ethereum","tag-fdmc","tag-fully-diluted-market-capitalization","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=4206"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/4207"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=4206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=4206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=4206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}