XRP Market Cap Soars Amid Valuation Concerns & Bearish Signals

According to Cointelegraph, XRP has surged over 600% since November, reaching a $190B market cap, fueled by optimism over Ripple’s lawsuit settlement, U.S. regulatory clarity, and ETF momentum. However, its market cap now far exceeds fundamentals, with DeFi TVL at just $87.7M. Analysts warn of bearish RSI divergence and possible correction to $2.32 by September, though some see potential for a rally toward $10.
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