XRP has a market cap of 190 billion USD, far exceeding its total value locked of 87.74 million USD. This indicates heightened speculation in the market.
XRP’s valuation is approximately 2,200 times its TVL, showing signs of potential market correction. Technical indicators suggest possible price dips, forecasting a drop to around 2.32 USD.
Since November, XRP has increased by over 600%, spurred by Ripple’s lawsuit resolution. However, it lags behind Ethereum metrics with 516 billion USD market cap and 92.06 billion USD TVL.
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