Most people associate the acceptance of ripple by banks as a major factor for the rise of XRP. Well, banks are not required to use XRP for their transactions. The price surge in XRP is based on speculation and is fundamentally flawed, similar to Cardano. Cardano still does not have a product out yet and has grown exponentially over the period, again based on speculation.
Ripple is not exactly "decentralized" and the co-founder is now the richest man on earth? Like seriously? How can it overtake the tech giants in such a short period of time? I believe XRP is extremely over-valued.