The Coin Meant To Save XRP Just Chose Ethereum
The data is brutal. The stablecoin everyone hoped would resurrect the XRP Ledger just served an eviction notice. 81% of the RLUSD supply is living on $ETH, not its supposed home. This isn't just poor distribution; it’s a vote of no confidence in the chain’s infrastructure.
The fundamentals are screaming distress. While the crowd screams "When $10?" the ledger is flatlining. Daily payment volume is negligible. DEX depth is so thin that a $1M swap causes 8% slippage. The DeFi TVL is a tragedy—barely 0.4% of $ETH total value.
You cannot generate a demand shock when the utility is zero. A chain that lacks activity isn't just sleeping; it’s functionally dead. No amount of ETF inflow, legal victory, or hopium fixes this problem. $XRP needs utility to precede price. Everything else is just noise masking a funeral.
Disclaimer: Not financial advice.
#XRP #CryptoFundamentals #Utility #Stablecoins #Ethereum
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