In the half-lit quiet of online rooms, the rumor of XRP reaching ten thousand dollars returns like a stubborn cough. The players gesture at screens, and one man, Crypto_Luke, speaks with the patience of a clerk who has measured every shadow in the market. He says the long-standing critique-market capitalization as a cap on price-misses something essential: liquidity and utility, not a ledger of what has already been spent.
Why Market Cap Does Not Bind a Price of $10,000
The price is not chained to the market cap, Crypto_Luke insists. Market cap is simply the last traded price multiplied by circulating supply – a snapshot of activity, not the total money needed to conjure a price. The common claim that market cap equals money invested, he says, is not the lasting truth.
He notes that XRP operates differently from a store-of-value asset like BTC. It is designed for rapid liquidity and settlement across global corridors. It can be used multiple times in a single day, moving without requiring fresh capital each time. Therefore a price is determined by the actively traded float, not the idle supply.
Liquidity and price adjustments walk hand in hand in XRP’s design. Assets that pass quickly through settlements allow the network to meet demand without one-for-one dollar backing. As trade volume rises, the price adjusts to reflect the value of utility rather than a fixed market cap.
The supply, he points out, was designed to be large, fixed, and non-reissuable. This structure supports a multi-trillion-dollar liquidity pool and allows the network to handle high-volume settlements.
XRP Market Cap Crashes Nearly 10%
More recently, the numbers have given a different kind of drama. According to CMC data, XRP’s market capitalization has fallen nearly 10%, now around 79.25 billion dollars, after a sharp price drop in the last day.
The slide sits within a broad market lull, as bearish sentiment gnaws at all the major coins. XRP has fared particularly poorly, its price slipping toward 1.3 dollars-the lowest since 2024. Yet the story offers no clear sign of a comeback, even as daily trading volume leaps, up more than 148%.
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2026-02-06 20:25