XRP Market Cap Soars – Optimism or Overvaluation?

XRP has exploded over 600% since November, reaching a $190B market cap, fueled by optimism over the Ripple lawsuit settlement, U.S. regulatory clarity, and ETF momentum.

But the numbers raise eyebrows — with TVL at just $87.74M and 24h DEX volume of $49,621, XRP’s market cap is 2,200x its DeFi TVL and a staggering 363,000x its annualized fee revenue.

Supporters believe the rally reflects confidence in XRPL’s future — including settlement volumes, stablecoin adoption, corporate treasury use, and ETF inflows.

Growth in Tokenized Assets

XRPL now hosts $175.9M in tokenized assets (+52.25% in a month), led by U.S. Treasuries, public equities, real estate, and stablecoins — making it one of the fastest-growing players in the RWA tokenization sector.

Ethereum Comparison

Ethereum still leads the pack with a $516B market cap, $92.06B TVL, and $10.48M daily app fees — far healthier ratios compared to XRP.

Technical Outlook

Bearish divergence with RSI hints at slowing momentum. A pullback toward $2.32 (~25% drop) is possible by September, aligning with XRP’s 6-month average holder cost basis. Still, some analysts see upside potential — with targets up to $10 in the coming months.

Reminder: DYOR — markets move fast, and risk is always present.

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