XRP surpasses Ethereum: Brad Garlinghouse’s 2026 predictions

XRP vs Ethereum: Is the flippening really possible in 2026?

The crypto market has been going through a consolidation phase since the beginning of the year, but Brad Garlinghouse does not seem concerned. The Ripple CEO has made several high-profile appearances in recent months at Davos, on Fox Business, and across various specialized podcasts to hammer home a single message: XRP is structurally undervalued, and 2026 will be the year when fundamentals finally speak for themselves.

It is hard to ignore these statements when they are backed by concrete figures. With over $2.8 billion in daily volume in mid-April and reclaiming the fourth spot globally at the expense of BNB, XRP is regaining a form of institutional legitimacy that even its harshest critics struggle to dispute.

Garlinghouse has never shied away from bold claims, but this one is worth a closer look: XRP could surpass Ethereum in market capitalization. For this scenario to materialize, the token would need to triple from its current levels and break through the $4.60 mark, which is still a significant gap from the current $1.37, currently retracing from its July 2025 ATH.

The underlying argument is highly significant. While Ethereum carries the entire DeFi, NFT, and smart contract ecosystem on its shoulders, XRP focuses on a single use case: instant and low-cost cross-border payments. This specialization is both its greatest strength and its main limitation. It is a strength because it addresses a real-world problem that banks and payment corridors have been trying to solve for decades. It is a limitation because the addressable market, although massive, remains more confined than that of a general-purpose platform.

What changes the game in 2026 is the absorption of $1.3 billion in tokenized assets (RWAs) on the XRP Ledger network in just a few weeks. This figure is far from anecdotal: it proves that institutions are starting to use the infrastructure, rather than merely speculating on the token.

The CLARITY Act: The real catalyst to watch

If there is one single element that could tip the scales in the coming months, it is US regulation. The vote on the CLARITY Act has been postponed to late May, but the political consensus is already there. Garlinghouse himself has described this legislation as a game changer for the entire industry, not just for Ripple.

Why does this matter so much? Because regulatory uncertainty has been the main barrier preventing major institutional capital from entering the crypto market for years. Pension funds, insurers, and family offices are largely waiting for a clear legal framework before allocating significant positions. If the CLARITY Act sets the digital commodity status of XRP in stone, the barriers will fall.

The analogy with gold following the creation of the first physical ETFs is not perfect, but it gives an idea of the potential impact. Billions are sitting on the sidelines, looking for a legal entry point.

What on-chain data is really telling us

Beyond Garlinghouse’s rhetoric, on-chain signals deserve close attention. Whales have been accumulating massively for several weeks, and institutional flows, particularly through structured products, remain on an upward trajectory despite the correction. This type of divergence between price and accumulation has historically been a precursor to significant market movements.

Standard Chartered projects XRP to reach $2.80 by the end of 2026, which already represents a doubling from current levels. Some of the more aggressive analysts point to a long-term potential well beyond that, provided institutional adoption materializes AND Ripple manages to capture even just 14% of SWIFT’s liquidity volume, which is the stated goal for 2030.

Our analysis: Between a solid narrative and execution yet to be proven

The case for XRP is stronger today than it has ever been. With growing institutional adoption, a fully operational network, clearing regulatory clouds, and a management team that communicates clearly, the fundamentals strongly argue for an upward revaluation.

However, caution is advised on two fronts. First, the flippening of Ethereum remains a tail event scenario: it is possible, but it requires a perfect storm of factors such as the passing of the CLARITY Act, a broader market bull run, and SWIFT adoption, which do not depend solely on Ripple. Second, the disconnect between technological milestones and the token price can last much longer than even the most patient bulls might hope.

Our take is that XRP represents a genuine asymmetric opportunity in the altcoin sector, provided you have an investment horizon of at least 12 to 18 months and size your position accordingly. The downside risk is limited by solid fundamentals, while the upside potential remains wide open if regulatory catalysts are confirmed. This is not a short-term trade, but rather a bet on a financial infrastructure that is currently gaining legitimacy.

To understand how to position cryptocurrencies in your portfolio, check out our comprehensive guide on investing in cryptocurrencies. To track price movements in real time, our price prediction section is updated regularly. And if you want to dive deeper into market mechanics, our page on understanding cryptocurrencies covers all the basics.

Sources:

• Checkonchain
• amonyx on X
• XRP_Alerts on X

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