XRP’s Market Cap Surges Amid Speculation, But Bearish Signals Suggest Possible Correction to $2.32

Key Points

1. XRP’s market cap is $190 billion, 2,200 times its total value locked (TVL) of $87.74 million on the XRP Ledger (XRPL), highlighting speculative trading.

2. Ethereum’s market cap-to-TVL ratio is much lower (5.6) compared to XRP’s 2,200x, suggesting XRP may be overvalued relative to its on-chain activity.

3. XRPL’s decentralized exchange (DEX) volumes were $49,621 in the last 24 hours, with app fees totaling $1,467, indicating low on-chain usage.

4. A bearish RSI divergence suggests weakening buying pressure, with analysts predicting a potential 25% correction to $2.32.

5. XRPL hosts $175.9 million in tokenized assets, up 52.25% in a month, led by US Treasury debt, public equities, real estate, and stablecoins.