XRP Market Cap Soars Amidst Valuation Concerns and Bearish Signals

XRP’s market capitalization has surged dramatically, skyrocketing over 600% since November to reach an impressive $190 billion. This rapid growth is fueled by several factors, including the ongoing Ripple lawsuit settlement, evolving regulatory clarity in the US, and increasing interest in exchange-traded funds (ETFs). However, questions arise regarding whether XRP’s price reflects its underlying fundamentals.