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XRP Market Cap vs. Actual Use: Is the Trading Hype Real or Genuine Demand?
【Crypto World】Regarding the mismatch between XRP’s market capitalization and its actual use cases, some analysts have put forward interesting viewpoints. This token currently has a circulating market cap close to $100 billion, but the Ripple payment network behind it doesn’t necessarily have to use XRP — banks can directly adopt its payment technology without involving the token layer.
Recently, XRP’s trading volume has indeed surged, but a closer look at the data reveals that this growth seems somewhat suspicious. Many transactions appear to be more like market participants moving assets back and forth rather than driven by genuine network demand.
So how exactly is XRP’s price supported? Mainly by market enthusiasm and news related to legal matters. Recent headlines about SEC litigation can indeed influence market sentiment. However, from the perspective of network activity and real payment usage, there seems to be a significant gap between these factors and the price increase. This is also why some refer to it as a “zombie asset” — it appears very active, but the underlying economic logic may need to be reevaluated.