CoinMarketCap Takes a Jab at XRP for This Fundamental Reason
XRP, the popular crypto token linked to Ripple, has seen a significant drop recently, and CoinMarketCap [CMC] has weighed in, taking a dig at the altcoin and even suggesting that it lacked the true essence of a… well, what exactly? The XRP vs. SEC lawsuit has taken over the crypto spotlight since 2025. While this lawsuit persists, CoinMarketCap\'s criticism stems from a more fundamental flaw.
On March 29, according to CoinMarketCap, the token fell by 4.88% in just one day. While el precio de XRP (XRP) subió a un máximo de siete años de 3,20 dólares el 15 de enero antes de retroceder a 3,09 dólares a las 8:45 am UTC del 16 de enero, the recent downturn highlights the volatility surrounding XRP. This contrasts sharply with the sentiment of those who believe in XRP for the LONG term, and are not suggesting a price valuation or timeframe. The underlying reason for CoinMarketCap\'s "jab" lies in a critical misunderstanding about its market capitalization.
The point of this post is to explain why Market Cap is not a valid metric for determining the potential…of XRP. CoinMarketCap likely points to the massive pre-mined supply of XRP held by Ripple. This significant holding skews the market capitalization, making it an inaccurate representation of true decentralized ownership and real-world utility.
The cryptocurrency targeting global payments, XRP, is facing headwinds. Its price is currently trading at $2.45, representing a 6% and 19% decline in the past day and… week respectively. On-chain metrics and blockchain usage data suggest mixed fundamentals supporting XRP\'s recent performance surge. The biggest question is what are investors willing… to overlook in the face of potential legal challenges and concentrated token ownership?
The SEC alleged that XRP sales were unregistered securities, leading to a price drop and stagnation. While Judge Analisa Torres ruled last year that XRP sales are not… necessarily securities, the lingering uncertainty continues to affect investor confidence. Cryptocurrency analytics firm Santiment attributed XRP’s recent price surge in the uncertain crypto market to several factors, saying the most important one is the significant accumulation… by certain whales. But even this accumulation can\'t entirely mask the fundamental issues highlighted by CoinMarketCap.
Most likely, XRP\'s price plunge was contributed to by profit-taking; a recent analysis from on-chain data provider Kaiko highlights that the sell-off was predominantly led by… short-term investors. However, the underlying vulnerability remains: a skewed market capitalization that CoinMarketCap, rightly or wrongly, continues to point out.