XRP’s $2.23 price tag: Overvalued or ready for another bull run?
12/23/2024 05:00XRP's rally faces sustainability concerns as key metrics reveal overvaluation and declining network activity.
XRP has become one of the hottest topics in the altcoin market following its explosive rally in November. As the token’s price continues to surge, questions about its sustainability are mounting. While many had expected a market correction, XRP has yet to experience a significant pullback, leaving investors on edge.
Recent on-chain analysis, however, suggests that XRP might be overvalued when compared to broader market conditions, fueling concerns about its future price trajectory and potential risks for holders.