Why is XRP seeing a monster rally when Ripple is worth just $3B on the secondary market? By Cointelegraph

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Why is XRP seeing a monster rally when Ripple is worth just $3B on the secondary market?

The equity of , the company that builds the infrastructure around XRP — the digital asset used by networks like RippleNet to process cross-border payments — is reportedly trading at $2 to $3 billion in the secondary market.

Yet, the XRP holdings of Ripple are reportedly worth $70 billion, which is many times higher than the valuation of the firm’s equity.

1-day price chart (Bitstamp). Source: TradingView.com