“XRP’s market value stands at around $70 billion, but its blockchain activity does not yet justify such a valuation,” so analysts comment on the current position of the token, which is trading in the $1.06 to $1.12 range. Moreover, experts believe that investors are currently paying for future expectations, as the 24-hour trading volume on the XRP Ledger sits at just $2.87 million, with the network generating a mere $378 in transaction fees.

As the research group notes — “The launch of the Ripple USD (RLUSD) stablecoin and securing licenses in Europe strengthen Ripple’s position, but this does not guarantee an automatic increase in demand for the XRP token itself.” But analysts also specified that this does not mean a failure for the asset, since cumulative inflows into U.S. spot XRP ETFs have already crossed $1.5 billion, though investors still need to see whether this institutional interest translates into real-world utility for the coin in payments.