XRP traded near $1.31 after falling 7.3% on Tuesday, while Dubai-based crypto investor Royal Kane said he would never invest in the token at its current valuation. Kane cited XRP’s roughly $81.68 billion market capitalization and claimed Ripple has no products or revenue, comments that reflect his investment thesis rather than an independent assessment. Market data placed 24-hour trading volume at $4.12 billion and XRP’s year-to-date decline at 29.18%. Kane’s chart showed XRP near $3.04 at the beginning of 2025 before falling below $1.70 and later hovering around $1.30. He pointed instead to smaller-cap assets and narratives involving Solana, Pepe and Zcash. Tighter U.S. monetary policy and the Senate’s failed attempt to advance the Digital Asset Market CLARITY Act added pressure. XRP remains distinct from Ripple, whose products include Ripple Payments, the RLUSD stablecoin and Ripple Prime, while a 2023 court ruling treated Ripple’s programmatic public-exchange sales differently from its institutional sales.