Schwartz says XRP can flip Bitcoin as ETFs see outflows
XRP (XRP)
Editor:
Eugene Serbin
news.bitcoin.com reports that ex-Ripple CTO David Schwartz believes XRP could surpass Bitcoin in market capitalization. Schwartz, who stepped back from daily duties at the end of 2025, stated he thinks it would happen as XRP grows faster than Bitcoin. He clarified that this scenario would likely occur during a broader expansion where all digital assets succeed, rather than one asset cannibalizing another.
Currently, Bitcoin trades near $77,269 with a market cap of $1.55 trillion, while XRP is priced at $1.34 with a value of roughly $85 billion. To match Bitcoin’s current market cap, XRP would need to reach approximately $24.70 based on its circulating supply of 62.88 billion tokens. Schwartz’s comment was a personal view without a specific valuation target or date.
The report also noted that claims of a multi-trillion dollar total cap target were identified as false. Additionally, U.S. Bitcoin ETFs recorded $120.24 million in net outflows on Wednesday. This outflow extended a losing streak for the funds to a second consecutive session.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 11 September 2026. Not the outlet's figures.
Whalio’s spot data for XRP shows a price of $1.33, with a 1-hour buy ratio of 51.6% compared to a 4-hour ratio of 49.8%. The 24-hour buy ratio sits at 49.3%, indicating that buying pressure is slightly fading over the longer timeframe. The 1-hour volume delta is positive at $219,834, suggesting short-term accumulation, while the 4-hour delta is negative at -$127,342. Over the last 24 hours, the volume delta is -$2,688,124, and the cumulative volume delta (CVD) closed at -$8,669,617. This means that sellers have dominated the market for the day, despite a brief period of net buying in the last hour. Traders executed 788,662 trades with a total spot volume of $195,001,279.
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 50.4%, making today’s 24-hour ratio of 49.3% slightly below the weekly norm by 1.1 points. Volume was 1.06 times the average, indicating higher-than-usual activity. The price has dropped 8.0% over the eight-day period. However, the total volume delta for the week remains positive at $14,421,153, showing that net buying has outweighed selling over the longer term. This suggests that while today is an unusual day with net selling, the broader weekly trend still favors buyers.