XRP’s price has been teetering near the crucial support level of $3.15, with analysts suggesting potential for a surge toward $3.20 if buyers maintain their hold. This comes amidst a growing debate about the sustainability of XRP’s massive valuation. 2,200 times its on-chain activity, XRP has surged in value to an impressive $190 billion, but this growth hasn’t translated to significant on-chain activity. On-chain metrics like DEX volume and application fees remain relatively modest, indicating a stark contrast between the booming market cap and actual usage of the XRPL network. 2,200 times its TVL, XRP’s market cap remains under scrutiny from analysts who question whether it reflects genuine usage or speculative trading driven by recent legal developments, growing institutional interest, and innovations like tokenized real-world assets on the XRPL. While some point to potential overvaluation compared to other blockchain platforms, others see the surge as a reflection of increased optimism and long-term growth prospects.