Second-largest cryptocurrency ripple may have run ahead of itself

"Definitely the ripple ecosystem is definitely going to have to get a lot bigger to justify where XRP is right now," said Michael Graham, an analyst at Canaccord Genuity who has covered internet stocks since the late 1990s.
When asked which firms are using XRP, a Ripple spokesperson pointed only to an October announcement that said a bank called Cuallix is the first financial institution to use XRP, in this case for U.S.-Mexico transactions. No other firms were named.
However, Ripple said in a tweet Thursday that 3 of the top 5 global money transfer companies plan to use XRP in payment flows in 2018