XRP vs ETH: key numbers
XRP as a percentage of Ethereum. 100% means XRP has caught up. Data as of .
| Metric | Now | 1 year ago | Peak | Data since |
|---|---|---|---|---|
| Market cap | 26.8% | 35.3% | 68.8% Oct 24, 2019 | Jun 2019 |
XRP vs Ethereum
Ethereum has ranked second to Bitcoin for most of its history. XRP, the native token of the XRP Ledger and the asset behind Ripple's payment business, has taken that spot from it, but only before this chart begins.
XRP's turns at No. 2, 2017 to 2019
Coin Metrics' estimated market-cap series starts on June 22, 2019, so the flip history on this page starts there. Earlier, on CoinMarketCap's figures, XRP passed Ethereum in three episodes.
- December 2017 to January 2018. XRP moved into second place on December 29, 2017, after a 53% rally in 24 hours, per Bloomberg. CoinMarketCap's weekly snapshot for January 7, 2018, still had it second, at about $131 billion to Ethereum's $112 billion. A week later Ethereum was back in front.
- September 2018. XRP edged past Ethereum on the 21st and the 26th, per Cointelegraph, and slipped back to third both times.
- November 2018 to February 2019. In the November 2018 sell-off XRP took second place and held it in every weekly snapshot from November 18 to December 30. The two swapped places again in January and early February 2019.
Since 2019
Ethereum has been ahead on every daily close in this data. XRP came closest on October 24, 2019, at 68.8% of Ethereum's market cap. In the two weeks after the SEC sued Ripple on December 22, 2020, it fell from 28.1% to 8.2%, and it hit a low of 6.2% on June 8, 2024. Its best showing since 2019 was 64.1% on April 13, 2025.
Tether came closer to Ethereum in June 2026. XRP's much longer shot is XRP vs Bitcoin.
How XRP's supply is counted. Coin Metrics' estimated market cap uses a circulating supply sourced through CoinGecko, which leaves out the XRP Ripple holds in escrow. Ripple locked 55 billion of the 100 billion XRP in escrow in December 2017 and unlocks up to 1 billion a month. Counting the escrow, as Coin Metrics' other market-cap measure does, would put XRP closer to Ethereum on every day of this chart.
XRP vs ETH flip history
XRP has never closed above Ethereum in this data, which begins in Jun 2019.
Frequently asked questions
Has XRP flipped Ethereum?
No. As of November 10, 2026, XRP's market cap is 26.8% of Ethereum's, so XRP would need to grow 3.7× relative to ETH to flip it. The closest it has come in this data was 68.8% on October 24, 2019.
What is the XRP/ETH market cap ratio today?
XRP's market cap is 26.8% of Ethereum's as of November 10, 2026. A year earlier, on November 10, 2025, it was 35.3%. Over the past 12 months it ranged from 25.4% to 37.9%.
How close has XRP come to flipping Ethereum?
The highest reading in this data is 68.8%, on October 24, 2019. XRP has never closed above Ethereum in this data, which begins in Jun 2019.
How much would XRP need to rise to flip ETH?
If Ethereum's market cap stayed where it is, XRP's market cap would need to grow 3.7× (about +273%) to reach parity. What matters is XRP outgrowing ETH by that much, not its dollar price on its own. At today's Ethereum market cap, that is roughly $3.94 per XRP (it closed at $1.05 on Nov 10, 2026), assuming XRP's supply stays the same.
Where does this data come from?
Market caps are Coin Metrics' estimated market capitalization (CapMrktEstUSD): the daily closing price (00:00 UTC) times a circulating supply sourced from CoinGecko, so figures can differ slightly from CoinGecko's or CoinMarketCap's own. For XRP that supply leaves out the XRP Ripple holds in escrow. Each chart plots XRP as a percentage of Ethereum, so 100% is parity. The data refreshes daily shortly after 00:00 UTC; the raw series is xrp-eth.json.