Analysts Say XRP Price of $2 Is Low Because It Has Not Yet Been "Activated"

Although XRP is fluctuating above $2, a cryptocurrency analyst believes this level is still low. Comparing the current price movement of XRP with the explosive bullish trend in 2017, the analyst suggests that the market has not yet recognized the full scope of the developing fundamentals of cryptocurrency. The price of XRP at $2.2 is still undervalued. Pumpius, a cryptocurrency analyst on X (formerly known as Twitter), firmly believes that the price of XRP is gearing up for a stronger bullish move, arguing that the target of $2.21 is still significantly undervalued. The market expert's analysis clearly compares the current market position with the historical bullish trend of 2017. Back in 2017, this altcoin surged from a low price of $0.005 to an all-time high of $3.84, marking its most historic bullish run. At its peak, XRP briefly surpassed the market capitalization of Ethereum, securing its position as the second largest cryptocurrency in the world, only behind Bitcoin. In this historic bullish wave, the price of XRP surged to an astounding level of 64,000%, reflecting a significant increase despite the lack of real use cases, institutional support, or regulatory clarity. According to Pumpius, this bullish trend was entirely driven by retail investors' fear of missing out (FOMO), with no stablecoin, IPO, or financial infrastructure supporting the rapid rise of the cryptocurrency. Returning to the present, the context surrounding XRP has undergone significant changes. Ripple Labs, a corporate blockchain company and the largest holder of XRP, has launched its stablecoin, RLUSD, indirectly reinforcing XRP's position in the digital currency space. The company has also secured major brokerage firms and regulatory clarity from the United States, expanding Ripple's market reach and creating a stable environment for the development of XRP. With an IPO reportedly in the works, the infrastructure supporting XRP is stronger than ever, surpassing the conditions seen in 2017. However, despite these developments and milestones, the price of the altcoin has yet to return to its previous all-time high and continues to trade above $2. Therefore, Pumpius claims that this cryptocurrency is still not "activated," suggesting that it has yet to reach its full potential or achieve the expected growth. Why this time could be different Unlike in 2017, the potential of XRP is no longer solely based on hype. Pumpius's analysis estimates that if XRP repeats its historical bullish increase of 64,000%, starting from $2.21, its price could reach $1,414.40. Although this goal is entirely speculative, this figure emphasizes the significant increase that could occur if institutional capital and real-world acceptance combine with retail momentum. Pumpius's comments also included a conspiracy theory, alleging that powerful, anonymous entities have been operating behind the scenes to prevent the rise of XRP.

According to this theory, the analyst asserts that the SEC's lawsuit against Ripple is not only about compliance but also a calculated move to delay adoption and weaken retail momentum. The underlying message is that XRP's disruptive potential posed a threat from the beginning, which is believed to have led to efforts to delay its growth and prevent widespread accumulation before institutions were ready to enter the market.