XRP Analyst Suggests Token Could Overtake Bitcoin
XRP (XRP)
Editor:
Eugene Serbin
Benzinga.com reports that analyst Rob Cunningham believes XRP could surpass Bitcoin in market value if capital flowing through the XRP Ledger converts into holding the token itself. Cunningham outlined a thought experiment where $10 trillion entering the ledger supports a multi-trillion-dollar valuation, provided the funds actually acquire and hold XRP rather than just passing through. He highlighted a historical multiplier of over 600x, where a $66 million inflow once drove a $45 billion increase in XRP's valuation.
This view builds on comments from Ripple CTO Emeritus David Schwartz, who stated on September 13 that XRP could overtake Bitcoin if it grows faster than Bitcoin in a broader market expansion. Schwartz emphasized that the XRP Ledger's speed and functionality provide an edge for capturing disproportionate growth. The bull case cited by 21Shares includes regulatory clarity from the SEC case ending in August 2025 and seven US spot XRP ETFs that raised $1.3 billion in their first month.
Network activity saw nearly $500 billion move on-chain over 12 months, while the supply remains capped at 100 billion tokens. Cunningham noted that Bitcoin's market value is currently roughly 17 times larger than XRP's, but added, "Life happens fast." He clarified that this is a thought exercise rather than a definitive prediction. The scenario requires substantial capital to stay in XRP, as institutions might use the ledger for settlement while holding the token only briefly.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 26 September 2026. Not the outlet's figures.
XRP is trading at $1.57 with a 24-hour buy ratio of 51.8%, indicating a slight majority of buyers on Binance. However, shorter-term pressure shows a dip, with the 1-hour buy ratio at 39.9% and the 4-hour ratio at 43.9%. Volume delta reflects this short-term selling, showing -$1,534,856 in the last hour and -$3,254,739 over four hours. Over the full day, the volume delta is positive at +$19,986,727, suggesting net buying has occurred over the longer timeframe. Cumulative Volume Delta (CVD) closed at -$22,733,502, indicating that despite the positive delta, aggressive buying pressure has been outweighed by selling pressure in the order flow. Net buying was active for only 5 of the 24 hours, with spot volume reaching $538,764,479 across 2,254,440 trades.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.7%, making today's 24-hour ratio of 51.8% an increase of 2.2 percentage points. Trading volume is 1.51 times the weekly average, signaling heightened activity compared to normal days. The coin has gained 12.3% over the last eight days, with a total volume delta of +$16,430,487 for the period. This represents a day of net buying in a week where only 2 of 7 days saw net buying. The current activity stands out as an unusual day relative to the weekly average due to the elevated volume and buy ratio.