Dubai Investor Ditches XRP Due to 'Too Large' Market Value
Dubai-based investor Royal Kane recently expressed his skepticism about investing in XRP at its current price, citing its large market value as a major reason. In a post on social media platform X, Kane stated that he would 'never invest in Ripple at this stage because its market cap is already too large.'
Kane, who has been trading crypto since 2016, believes that XRP's large market value leaves less room for growth compared to smaller cryptocurrencies. He prefers projects with smaller market values and strong narratives, which he thinks have stronger growth potential.
The current price of XRP is around $1.30, giving it a market value of about $81.9 billion, according to CoinMarketCap. This is still significantly lower than its 2025 high of approximately $3.66, representing a decline of around 64.5%.
Kane's views are in line with analyst Casi, who recently noted that XRP has fallen below the 0.5 Fibonacci level and invalidated the previous $1.78 target. According to Casi, XRP needs to reclaim the 0.618 Fibonacci level near $1.65 to regain momentum.