XRP is up over 300% since the summer, but there is a catch regarding the banking adoption thesis. Most major banks partnering with Ripple only use the messaging service, which doesn't involve the XRP token at all. The product that actually uses the token is On-Demand Liquidity (ODL), but big banks don't really use it. It is mostly for smaller fintechs, and the transactions are instant buy/sells so there is no holding pressure. The bigger risk is that Ripple is shifting focus to stablecoins. They are integrating their new RLUSD stablecoin to act as the bridge asset, which would basically make XRP utility obsolete for cross-border payments.