Crypto analyst Atlas has criticized XRP, calling it a "zombie asset" due to its perceived reliance on belief and liquidity rather than practical use. Despite Ripple's advancements in blockchain payments, Atlas argues that XRP's $111.89 billion market cap is not supported by significant DeFi activity, with the token primarily used for micro-transactions. He highlights that banks can adopt Ripple's technology without necessarily increasing demand for XRP, questioning the token's long-term viability.