The $130 billion market cap story behind XRP raises some tough questions. Fourteen years into its existence, institutional banking adoption remains nowhere to be found—yet the valuation keeps climbing. Where's the fundamental driver here? Banks haven't embraced it. Real-world integration is hard to spot. So what's actually fueling the buying pressure? The narrative around XRP seems to have shifted or vanished altogether. Without clear utility uptake or mainstream institutional interest, retail demand alone carries weight that seems almost disconnected from traditional valuation logic. It's worth asking: what's the actual thesis investors are betting on right now?