Analysts suggest that the XRP price, which is currently around $1.40, is undervalued. Although the cryptocurrency rose above $3 last yearit failed to achieve a new all-time high and has done so ever since facing a major decline as the technical structure weakened. Despite this, analysts maintain a strong bullish outlook, arguing that even a $10 valuation is too low for the cryptocurrency. At the same time, other experts highlight development factors that could help XRP break free from its current suppression and potentially reach higher levels.
What the fair value of XRP really looks like
Bird, an XRP Ledger (XRPL) developer, went to X on Wednesday, March 25 gift are new bullish outlook for XRP. First, the analyst highlighted the discrepancy between the current price of XRP and what he believes it should be its true value.
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Bird clearly stated that “XRP is a $100+ token trading at $1.40.” The developer’s statement suggests a strong belief that the cryptocurrency’s current price does not reflect its underlying utility potential. His reasoning probably focuses on The Role of XRP in the Global Payments Ecosystemin particular its use by financial institutions for cross-border transactions.
Unlike many cryptocurrencies that derive their value primarily from speculative interest and hype, XRP is positioned as a functional settlement layer for banks and payment providers worldwide. Proponents of the cryptocurrency have long argued that XRP’s price could skyrocket due to the demand and liquidity that could come from its core utility.
If you look at Bird’s statement from another angle, the gap between $1.40 and $100 could also be one of the most attractive opportunities in the current crypto market. He concluded his post by telling his followers “you know what to do,” subtly hinting that now might be the right time to accumulate XRP at its current price. In response, some community members responded courageously declared that they would continue to buy XRP, underscoring their strong confidence in the cryptocurrency’s potential to reach $100.
XRP Price Remains Suppressed
Luke Suthers, a well-known proponent of XRP, has done just that shared his bullish thesis on the value of the cryptocurrency. This time, he outlines several development catalysts that could propel the altcoin higher instead of a specific price target.
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Suthers noted that the The XRP price is currently suppressed. He highlighted that while banks and institutions are accumulating the cryptocurrency behind the scenes, XRP is still trading around $1.40. At the same time, the analyst also noted that Ripple, the crypto payments company, is actively expanding its rails acquiring an additional businesss to strengthen its ecosystem.
Based on these bullish developments, Suthers concludes that The price of XRP is undervaluedarguing that it does not reflect its true value. He pointed out that major players are already positioning themselves ahead of an expected market shift and liquidity surge. Suthers warns investors not to be left behind and urges them to also consider strategic positioning.
Featured image from Freepik, chart from Tradingview.com