The fundamentals don't support this high of a valuation for XRP. This is clearly a case of market hype, market exuberance. People want an alternative to BTC, LTC and Ether. Hence the hype bubble. There is no fundamental evaluation that supports a marketcap of $16-20B which is they hype I'm hearing on Tradingview chat and other hype outlets. People believe this will go to 45k sat or higher. Really? XRP is about to overtake BTCs marketcap?
This is in line with other market hype such as "the flippening". Say good-night to anyone who bought in at the current price. They're about to get rekt. XRP should have a realistic marketcap of $2-5B.
Ben0lee
⋅
cheq volume lool , xrp is the second one on market cap after btc
fineregex
⋅
@Ben0lee yes. high volume can support the assumption of a complete double top reversal below the black line.
This is in line with other market hype such as "the flippening". Say good-night to anyone who bought in at the current price. They're about to get rekt. XRP should have a realistic marketcap of $2-5B.