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Is XRP Priced Too High for What It Actually Delivers?
XRP has a stronger story than it did a few years ago. But investors still need to ask whether the token is priced for what it delivers today or for adoption that has not yet clearly shown up on the XRP Ledger (XRPL), the blockchain network that processes and records XRP transactions. XRP has recently been trading in the range of $1.06 to $1.12, giving it a market value of roughly $70 billion. But DeFiLlama recently showed that only $2.87 million of trading occurred on the XRP Ledger over 24 hours, while users paid just $378 in transaction fees. So, although the XRP Ledger is processing transactions, the amount of ... (full story)
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