🚨$XRP Massively OVERVALUED! Stay ALERT!

#XRP has surged over 600% since November, reaching a staggering market cap of around $190 billion! But traders are starting to question if the fundamentals are keeping up with the price. The XRP Ledger's (XRPL) total value locked (TVL) is only about $87.74 million, which means XRP's market cap is over 2,200 times its TVL!

This is a huge sign of heavy speculation. For the bulls, this valuation is a confident bet on XRPL’s future growth from things like stablecoin growth and ETF inflows. However, other analysts are warning that XRP is "way overvalued" right now.

Technicals are also showing a bearish divergence, which hints at a possible drop toward the $2.32 level. This is an important level because it is the average cost basis for many holders over the past six months. This could be a healthy pullback to flush out weak hands before the next move up! #Ripple #XRPNews #Altcoins #AltcoinSeason