The analysis notes that Ripple's valuation reached $50 billion during an employee share buyback in March 2026, while XRP, currently among the top five cryptocurrencies with an $85 billion market cap, has not mirrored this success. Author Lyle Daly views XRP as a 'hold' due to its limited progress in cross-border payments and its relatively small presence in DeFi and RWA tokenization on the XRPL, where TVL is less than $50 million and distributed RWAs are around $460 million. Daly believes a 10-fold increase to $850 billion is an unrealistic forecast for XRP.