The price-to-sales ratio of the XRP token is almost double that of Nvidia, one of the most traded stocks on the market. XRP's price-to-sales ratio is 61.689, while Nvidia's price-to-sales ratio is 37. This ratio is calculated by dividing a company's market value by the company's revenue or total sales over the last 12 months. The lower the rate, the more attractive the investment.

According to Messari, Ripple's XRP ledger generated $583,000 worth of network fees in 2023. In comparison, Nvidia generated $26.97 billion in revenue in 2023.

The XRP token increased by 0.15% to $0.6205, with a market value of $34 billion, according to CoinMarketCap data. Nvidia shares fell 0.49% to $898.25, according to Yahoo Finance data.

While the XRP price increased by 20.55% last year, Nvidia's share price increased by 241%. This increase was largely driven by increased global demand for semiconductor chips.

So what is holding the XRP price back? The XRP price has been under pressure since December 2020, with the US Securities and Exchange Commission (SEC) filing a lawsuit against Ripple. The lawsuit alleged that Ripple organized $1.3 billion in unregistered securities offerings through XRP token sales.

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