This comparison is mathematically correct but fundamentally misleading. Yes, if $XRP had $ETH current ~$461B market cap, its price would be ~$6.17. However, this "if" ignores why their valuations are so different.
Ethereum's market cap is anchored in its role as the dominant settlement layer for DeFi, NFTs, and thousands of applications, generating billions in real, organic fee revenue for validators.
XRP's primary utility is as a bridge asset for cross-border settlements, a use case with significant potential but far narrower current adoption and revenue generation.
Reaching parity isn't about simple price appreciation; it would require $XRP to generate ecosystem value and demand comparable to Ethereum's.
This would mean outperforming Ethereum in adoption, developer activity, and transactional revenue—a scenario not reflected in current on-chain metrics or growth trajectories.
The comparison is a useful thought experiment to understand market cap math, but it is not an investment thesis.
Treating it as one overlooks the critical fundamentals that actually drive long-term value.

