XRP is not a bank coin it has zero real value and never will

Everyone keeps hyping XRP like it is some essential banking token but that is not true. RippleNet, the network, might be used by banks for messaging or liquidity. XRP itself is completely optional and banks do not need it at all. Even if every bank in the world started using RippleNet tomorrow, XRP would still be useless. Its price exists only because people speculate not because it actually solves a problem. XRP has no intrinsic value never did and never will. The token is not necessary for payments or banking and is mostly hype wrapped in a shiny package.

Why do so many people treat XRP as revolutionary? Am I missing something or is this one of the biggest hype bubbles in crypto?