Analyst Says $2 XRP Price Is Low As It Still Isn’t “Activated”
XRP is currently priced at $2.21, which a crypto analyst believes is undervalued compared to its historical performance. The analyst, Pumpius, highlights the 2017 rally where XRP surged from $0.005 to an all-time high of $3.84, driven by retail FOMO without substantial backing. Current developments include Ripple Labs launching a stablecoin, RLUSD, and gaining regulatory clarity, enhancing XRP's market position. Despite these advancements, XRP has not yet reached its previous highs, indicating it has not fully realized its potential. Pumpius speculates that if XRP were to replicate its past rally, it could reach $1,414.40. He also suggests that external forces may have suppressed XRP's growth, linking the SEC lawsuit against Ripple to efforts to delay adoption and retail momentum.
