Ripple's XRP has been on a steady rise, closing in on Ethereum's market cap. Despite facing challenges from broader market conditions, XRP ETFs have attracted over $1.39 billion since their launch last November.
The gap between the two cryptocurrencies may be narrowing, but experts predict it will take years for XRP to overtake Ethereum by market cap. Ripple's partnerships with traditional finance institutions are contributing to its growth, but execution and regulatory factors may hinder its progress.