XRP has long attracted investors betting on Ripple’s growing role in the crypto and payments industry, but one Singapore-based investor is taking the opposite view. Royal Kane, an investor on X, says he would “never invest in XRP” at its current stage. Here’s why.
Royal Kane, who says he has been trading cryptocurrencies since 2016, recently shared his take on Ripple-promoted XRP in a Sept. 17 post on X. He said he would “never invest in Ripple at this stage,” arguing that the token’s roughly $81 billion market capitalization is already too large.
Kane further claimed that XRP has no products or revenue, adding that his investment strategy instead focuses on smaller-cap cryptocurrencies that he believes offer stronger growth potential and “truly strong narratives.”
The investor’s criticism of XRP centers primarily on its large market capitalization rather than its recent price performance. In his view, investors seeking outsized percentage gains may find greater opportunities in smaller cryptocurrencies than in large, established assets. He says he favors projects with lower valuations and compelling narratives that could attract fresh demand.
XRP is currently the fifth-largest cryptocurrency by market capitalization, with roughly 62.8 billion tokens in circulation. Its hefty valuation remains a key reason for Kane’s cautious outlook, despite XRP’s strong August rally.
XRP recently suffered a sharp 12% pullback just hours after the historic U.S. CLARITY Act failed to advance, making it one of the worst-performing major cryptocurrencies during the sell-off. Specifically, it slipped from around $1.45 to a low near $1.27 before staging a modest rebound.
As of Thursday, the coin was trading at approximately $1.31, up 0.7% over the past 24 hours, according to CoinGecko. Still, the payments-focused token remains 64% below its all-time high of $3.65, set in July 2025, and is also well below its August peak of $1.70.
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