XRP Could Overtake Ethereum in Market Value by Year-End

John Deaton, a prominent crypto lawyer, predicts that XRP could surpass Ethereum in market capitalization by year-end. His statement has generated mixed reactions.

XRP's Potential Factors

Deaton highlighted the engagement of 75,000 XRP holders who petitioned during Ripple's legal battle with the SEC.
The launch of the Teucrium 2x Long Daily XRP ETF on April 8 attracted $5 million in trading volume on its first day, indicating rising investor interest.
XRP must increase by approximately 67.5% to match Ethereum's market cap of $177.85 billion compared to XRP's $106.28 billion.

Ripple Lawsuit and Market Dynamics

XRP has gained popularity in South Korea, surpassing Ethereum among local investors.
Trading volume for XRP exceeded $800 million on major exchanges, indicating increased global attention.
The SEC's decision to drop its appeal against Ripple is seen as a catalyst for potential adoption by banks and financial firms.
Despite optimism, Ethereum maintains a strong lead in decentralized finance and upcoming protocol enhancements.

For XRP to close the gap with Ethereum, it requires sustained momentum and confidence from investors.