The crypto world thrives on bold claims—but when they come from someone like John Deaton, the industry pays attention. Known for defending XRP holders during the high-profile SEC lawsuit against Ripple, Deaton now suggests that XRP could overtake Ethereum in market cap by the end of 2025. The Bit Journal explores whether this prediction holds water and what it could mean for crypto investors worldwide.
“XRP Is Undervalued,” Says Deaton
Despite ongoing skepticism surrounding XRP, Deaton remains optimistic. He highlights the altcoin’s robust and loyal community as its greatest strength. According to him, many industry experts have underestimated XRP’s resilience and growth potential, especially following its legal hurdles.
“The crypto community is quick to dismiss XRP, but they ignore the strength behind its ecosystem and user base,” Deaton emphasized during a recent webcast.
His perspective draws attention not just because of his legal credentials but due to his ongoing involvement in crypto-related policy debates.
Leveraged XRP ETF Draws Massive First-Day Volume
Adding fuel to the XRP fire is the recent launch of Teucrium’s 2X Leveraged XRP ETF (XXRP) on the New York Stock Exchange. The ETF recorded an impressive $5 million in trading volume on its debut, placing it among the top 5% of all ETF launches by activity.
Eric Balchunas, Bloomberg’s senior ETF analyst, called the volume “very impressive,” noting that such early traction is rare for altcoin-focused leveraged ETFs. This interest signals increasing institutional appetite for XRP-based investment vehicles.
Glassnode: Individual Interest in XRP Spikes
Data from on-chain analytics platform Glassnode reveals that XRP’s futures trading volume has jumped by 78% over the past month. Even more striking is the realized market cap, which has soared from $30 billion to $64 billion since February.
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However, the metrics come with a caveat: nearly 62% of XRP’s current circulating supply has changed hands within the last six months, suggesting a dominance of short-term speculative activity that could amplify market volatility.
Most XRP Holders Are Still in Profit—Will They Sell?
As of now, over 81% of XRP holders remain in profit, according to Glassnode data. This makes XRP the second-highest altcoin in terms of profitable supply, trailing only TRON.
While this paints a picture of bullish momentum, high profitability often precedes selling pressure. Should prices continue to rise, some investors may be tempted to lock in gains—potentially creating short-term pullbacks that savvy traders will be watching closely.
Final Thoughts
John Deaton’s prediction may sound ambitious, but the supporting data shows undeniable momentum behind XRP. From booming ETF interest to soaring on-chain metrics, XRP appears to be positioning itself as a formidable contender. While it’s too early to declare Ethereum dethroned, one thing is clear: XRP is once again a force to reckon with in the crypto space.
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References & Sources
John Deaton’s XRP Commentary
Related coverage: U.Today – XRP Is Undervalued, Says John Deaton
Launch of Teucrium 2X XRP ETF (XXRP)
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