|

Ripple’s XRP stays unaffected by trading volume manipulations news

  • Messari report shows that true XRP’s value is smaller than it seems.
  • XRP/USD is hovering under critical $0.3200.

The market value of Ripple’s XRP coin may be massively overstated, according to the latest research compiled by crypto data startup Messari.

According to the data provided on CoinMarketCap an on similar sources, there are about 41 billion XRP coins in circulation. However, Messari experts argue that the real figure is twice as small as about 19 billion coins may be illiquid.

For example, 6.7 billion XRP held by Ripple co-founder Jed McCaleb is a subject of dispute. Also, about 6 billion are pledged to a nonprofit entity called RippleWorks. Messari found out that 2.5 billion coins held by RippleWorks are subject to daily trading restrictions.

All in all, Messari believes that XRP’s market cap is overstated by more than $6 billion, which might be a conservative estimate.

“In reality, this estimate may prove to be conservative, as they believe XRP trading volumes which have consistently fallen well below that of EOS and Litecoin, two cryptoassets whose current referenced market caps are a mere 17% and 15% of XRP’s, respectively. Also, we believe the actual amount of ‘restricted’ XRP in distributions to investors, banking partners, and a team member may be significantly higher than our initial estimates reflect.”

The company also draws attention to the fact, that Ripple does not provide the methodology used to calculate XRP’s trading volume.

At the time of writing, XRP/USD is changing hands at $0.3165, mostly unchanged on a day-over-day. The coin slipped under $0,3200 handle, though the downside momentum failed to gain traction so far. A move above the critical level will improve the technical picture.

XRP/USD, 1-day chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.