The post Crypto Analyst Calls XRP a “Zombie Asset” Despite Ripple’s Growth appeared on BitcoinEthereumNews.com.

The post Crypto Analyst Calls XRP a “Zombie Asset” Despite Ripple’s Growth appeared first on Coinpedia Fintech News Ripple’s native token XRP has been under debate almost since the day it launched. While Ripple continues to grow as a blockchain payments company, many argue that XRP’s price no longer reflects how much it is actually used. Now, those questions are back in focus again.  Crypto analyst Atlas recently shared an on-chain analysis, calling XRP the most useless token. Ripple Thrives, But XRP Lags Behind In a detailed breakdown of Ripple’s business model and on-chain data, Atlas argues that while Ripple as a company remains active and profitable, its native token XRP is becoming increasingly disconnected from real-world usage.  His main point is simple: Ripple can operate without XRP, and in many cases, it already does. Banks and institutions can use Ripple’s payment technology without holding or using the XRP token at all. Atlas highlights a growing gap between XRP’s market value and its actual demand. XRP’s market cap is close to $100 billion, yet activity on the XRP Ledger tells a very different story. DeFi usage on XRPL is still small, with total value locked in the tens of millions, not billions. For Atlas, this isn’t just a small mismatch, it’s a fundamental problem. Ripple, XRP, and XRPL Are Not the Same Thing Another key point Atlas stresses is that Ripple, XRP, and the XRP Ledger are not the same thing. Ripple sells software and payment infrastructure to banks and institutions, but those services do not always require XRP.  Due to this, Ripple’s success does not automatically increase demand for XRP. Atlas also raises concerns about decentralization, noting that the XRP Ledger relies on trusted validator lists that remain closely tied to Ripple. Activity Spikes Don’t Equal Adoption AAtlas questions…

---

Filed under: News - @ December 27, 2025 8:11 am