The price is starting a race with XRP's price again!
I believe it'll be overtaken by XRP again which at the moment has a market cap of 50% of Ethereum.
But XRP is centralized and has not the main feature of cryptocurrencies. Many people believe that XRP is not even a cryptocurrency. Also consider the Ethereum's upgrade to Ethereum 2 which will cause scalability problem to be solved. It is really difficult for XRP to overcome Ethereum.
Ethereum 2 is being expected for more than a year now, so I'll reconsider my thinking when this comes... maybe by that time XRP is also hugely improved?
As for your other argument, I don't want to open a big discussion about XRP here, it has its own thread for that.
Let me only say that we don't have any truly decentralized coin in the high market cap league; for the rich people will always have a way to become richer (see ASIC manufacturers in Bitcoin, GPU farms in Ethereum, escrowed XRP for Ripple Labs).