A market pundit has argued that XRP could flip Ethereum to become the second-largest crypto asset in the next three months.

Ethereum Continues to Underperform 

This comes amid Ethereum’s bearish price performance since Q4 2024, as the altcoin continues to underperform the rest of the market. For instance, after the U.S. elections last November, the altcoin market (TOTAL2) gained 55%, while ETH saw a less substantial 47% increase.

Now, as the broader market pullback emerges, the altcoin market has dropped 23.52% year-to-date. However, ETH has crashed by 42.94% within the same timeframe. The altcoin has also lost massive value against Bitcoin and XRP since December amid this turbulent period.

Meanwhile, XRP has performed much better, leveraging Ethereum’s current underperformance to gain ground. For context, since November 2024, XRP has gained by more than 256% against Ethereum. The XRPETH pair has observed four consecutive green monthly candles within this period.

XRP to Flip ETH in 90 Days?

Considering these market conditions, market pundit and founder of Alpha Lions Academy Edoardo Farina believes XRP might be well on its way to surpass Ethereum’s market cap. For context, despite the underperformance, ETH is still the second-largest crypto asset, with $229.4 billion in market cap.

Nonetheless, Farina believes the altcoin king is likely to lose its position to XRP, which has outperformed the broader market in the past five months. “ETH is dying,” the pundit asserted. According to him, this expected flip could occur over the next three months.

Besides Farina, other industry leaders have pointed out Ethereum’s poor market condition. The Crypto Basic confirmed recently that Standard Chartered lowered its Ethereum price prediction for the end of 2025 from a lofty $10,000 to $4,000. Notably, the revised figure is lower than Ethereum’s 2021 all-time high.

While the bank mostly cited the shift in capital from Ethereum mainnet to layer-2 networks like Base, its recent price performance has also contributed to the review. If ETH continues in this trajectory and XRP preserves its bullish run, the flip could occur.

Notably, with ETH boasting a market cap of $229.4 billion, XRP has a valuation of $133.2 billion. As a result, XRP needs to add an additional $96.3 billion in valuation to surpass ETH. For this to occur, XRP would only need to rise to $3.9. At its current price of $2.29, a rally to this mark would only demand a 72% increase.