XRP 'Undervalued' Amid Ripple's Rising Influence Among US Policymakers
XRP's value may be due for a sharp increase as Ripple gains traction among US policymakers and institutional investors reassess regulatory risks.
A popular market analyst argues that XRP could be trading below its fair value, considering Ripple's progress since 2017. The analyst pointed to a photo of Ripple CEO Brad Garlinghouse near President Trump and senior administration figures, suggesting that the company is being treated as a credible participant in US crypto-policy discussions.
The analyst compared XRP's current trading range with its 2017 levels, noting that the asset's fundamentals have changed materially even if its price has not. The speaker cited a larger circulating supply and Ripple's efforts to bring financial institutions to the XRP Ledger as reasons why XRP should be worth 'at least five to 10 times' its 2017 level.
The analyst also identified three near-term catalysts for XRP: progress on the Clarity Act, an end to concerns about interest-rate increases, and a fading market reaction to the conflict in Iran. The speaker noted that US regulators could create more crypto rules even if Congress does not act, citing a legislative vote scheduled for the 15th.