BEARISH 📉 : XRP market cap crashes 10% amid broader crypto sell-off

The debate on whether XRP could reach $10,000 has been reignited. A crypto analyst argues that market capitalization does not limit XRP's growth potential.

Key Points:

Critics argue that XRP reaching $10,000 would make its market cap exceed the global money supply.
Analyst Crypto_Luke claims market cap is a snapshot of trading activity, not an indicator of required investment to reach a price.
XRP operates as a settlement currency, enabling rapid transactions and liquidity without needing additional capital.
Its design allows for multiple daily uses, focusing on actively traded float rather than total idle supply.
As transaction volume rises, XRP's price adjusts based on utility rather than a fixed market cap.
XRP's large, fixed supply supports a multi-trillion-dollar liquidity pool for high-volume settlements.

Current Market Situation:

XRP's market cap recently dropped nearly 10%, now at approximately $79.25 billion.
This downturn aligns with a broader market sell-off among major cryptocurrencies.
XRP's price decreased to around $1.3, despite a 148% surge in daily trading volume.

XRP