Key Takeaways
- XRP’s price crossed that of Bitcoin and Dogecoin in a 9% rally on November 9th.
- The price is expected to rise to $10 in 2026 if the currency market conditions persist.
- XRP has several real-world applications, and it uses a low-energy consensus mechanism, which endears it to investors.
XRP struck a chord on November 9th, with its price showing a significant rally, surpassing Bitcoin and Dogecoin. Investors and analysts anticipate a huge rise in the status of XRP as a notable cryptocurrency. If this trend continues, XRP’s price will soon cross the $10 mark.
XRP rallied over 9% surpassing Bitcoin and Dogecoin. Subsequently, the trading volume also spiked by 38% to $3.89 billion in the last 24 hours. The speculations are in favor of this trend continuing in the near future.
XRP News: Comparing XRP with Bitcoin and Dogecoin
When you compare XRP with Bitcoin and Dogecoin, you can see that several aspects make XRP an asset with the potential to surpass the other two prominent currencies. XRP is a fast, cheap, and energy-efficient currency. Whereas Bitcoin is a storehouse of value with slightly more time-consuming transactions, Dogecoin is a meme coin that prospers on social media hype, lacking any underlying value. XRP uses the low-energy social consensus mechanism, whereas Bitcoin and Dogecoin use the high-energy proof-of-work consensus mechanism.
XRP has a fixed supply of $100 million tokens. The scarcity of supply and high demand for the coin are maintained by escrow releases to the market to maintain the supply. Bitcoin has a fixed supply of 21 million, with its issuance rate being halved every four years to sustain demand. Dogecoin has no fixed supply, and new coins are issued periodically, potentially diluting its value in the market. This gives XRP the potential to beat Dogecoin in the market.
The XRP Ledger protocol uses the token for issuing tokenized security and stablecoins, which gives the token real-world utility, whereas Bitcoin is highly valued as digital gold. Dogecoin is a memecoin that lacks any fundamental use cases.
XRP has several use cases, and its price status makes it affordable for buyers compared to Bitcoin. When compared to Dogecoin, XRP is definitely a strong contender in the market.
Can XRP Reach $10? Market Signals Suggest a Possible Rally Ahead
If this trend continues and XRP Ledger makes new on-chain utility developments, the price of XRP will soon cross the $10 mark. If the currency momentum for the coin in the market is sustained, XRP will jump from its current price of $2.45 to $10 in 2026. Ripple is planning new institutional collaborations, potential ETFs, and will improve the liquidity of the token in the market, which will increase its demand and subsequently its price.
The factors that will drive this potential rise in XRP’s price include Ripple’s plans to build a treasury for XRP, the Ripple-SEC litigation nearing resolution, and a potential XRP spot ETF. Ripple is also planning to place XRP as a global financial entity in partnership with the major banks and financial institutions in the world. Some analysts believe that Bitcoin will see a slight downfall after its currency bull run, during which altcoins will dominate the market. This can also result in a price rise for XRP.
XRP News: Concluding Thoughts
XRP’s recent performance and its anticipated price rise indicate a new shift in the market, where certain altcoins may grow in potential to take over Bitcoin. XRP’s dominance over Dogecoin signals the fleeting hype that meme coins are enjoying in the market due to social media interference.
While analysts anticipate a hike in XRP prices in the market, such predictions are purely speculative. The crypto markets are speculative and volatile. Before investing in an asset, do your own research to understand the changes in the market and make appropriate decisions.