Ethereum Surged from $126 to $4,860 in Last Cycle: What If XRP Surges the Same Way?

This article explores the potential for XRP to mirror Ethereum’s explosive price surge from 2020 amid speculation and recent market developments.

Ethereum recently experienced an abrupt price surge that propelled its price into the $2,700 range, marking a fresh monthly high for the altcoin king. Before this, Ethereum’s price performance had been less impressive over the last few weeks while the broader market had been in a substantial uptrend.

Historically, Ethereum stands among the top-performing cryptocurrencies, with an impressive growth trajectory since its inception. One of its best performances was seen during the last cycle when it reached an all-time high close to the $5,000 level.

Illustratively, as of January 2020, ETH traded as low as $126, but a year later, following Bitcoin’s third halving cycle, Ethereum’s value had risen to above $1,400, marking an over 10X return.

Meanwhile, the uptrend continued, intensifying as time went by. It initially reached $4,362 by May 2021 before the first major pullback, which dropped its price to the $1,800 range. By November 2021, Ethereum touched an all-time high of $4,859. From the $126 low in January 2020 to the peak in 2021, Ethereum registered explosive growth of 3,756%.

XRP Surge Compared to Ethereum

However, during the 2020/2021 cycle, XRP, which follows closely behind Ethereum in the rankings, experienced a less impressive price surge. Specifically, XRP saw a 954% increase during a similar timeframe, rising from a low of $0.1858 in January 2020 to its cycle peak of $1.96 by 2021.

In contrast, during the 2017/2018 season, XRP successfully rivaled Ethereum, demonstrating better price performance. At one point, it even outranked Ethereum, achieving the status of the second-largest cryptocurrency by market cap on January 7, 2018.

XRP Ethereum market cap | <a href=httpscoinmarketcapcomhistorical20180107 target= blank rel=nofollow noopener>CoinMarketCap<a>

Many believe that XRP’s weaker performance in 2020/2021 was due to the SEC’s lawsuit at the time. However, XRP has triumphed in the legal battle, and now market participants continue to speculate on XRP’s potential for this season.

XRP Price if It Mirrors Ethereum’s History

An intriguing perspective is whether XRP could mirror Ethereum’s 3,756% price surge from the last cycle. If XRP were to replicate Ethereum’s history, such a magnitude of price increase would propel XRP from its current value of $0.5455 to a market value of approximately $21.

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