Arithmetic on today's supply, not a forecast. It assumes nothing about whether XRP could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. XRP has 62,871,157,992 XRP in circulation at $1.3643 each, which is $85.78B. Holding that supply still and putting Ethereum's $307.54B in its place gives $4.8916 per XRP.
A 3.59x move is modest, and a coin this far down the table reaching the one above it is the ordinary shape of a cycle, not an outlier.
Supply is held still, and in practice it moves: coins are minted, burned and unlocked, and every one of those changes the price a given market capitalisation implies. The figure also says nothing about whether the money exists to buy XRP at that level, which is the part that actually decides a price.
$4.8916 per XRP. That is Ethereum's current market capitalisation of $307.54B divided across the 62,871,157,992 XRP in circulation.
3.59x. XRP trades at $1.3643 today and Ethereum's market cap is $307.54B against XRP's $85.78B.
No. It is one division: Ethereum's market capitalisation spread over the supply of XRP that exists today. It assumes nothing about whether XRP could attract that much money, and it holds the supply still when in practice supply changes.
It sets it. Market cap is price times circulating supply, so the same $307.54B of market cap spread over more coins gives a lower price per coin. This uses the 62,871,157,992 XRP in circulation now.