Is XRP a meme coin? – The Ultimate Showdown

I am going to explain why I think XRP is a memecoin. XRP fans, please respond with evidence why i am wrong.

1. XRP’s value is not derived from its purpose as the gas token on XRPL. Using data from  roughly 3k XRP is spent as fees daily. So roughly 6k USD is spent daily. Which does not justify its billions in marketcap. Its ‘ODL’ (another meme within a meme) was declared by ripple as demand neutral. Quickly bought and sold so does not cause price fluctuations.
2. Institutional users of the XRP token. We have all heard this before. But we can not see it. Please prove these users exists via usage on-chain. I will accept a degree of assumption here. Here is blackrocks wallet on eth

XRP fans, please can you explain why I am wrong with evidence?