Is XRP Still Cheap When Trading Above $1?

XRP is currently trading above $1, with its most recent price reaching $1.08, marking a significant milestone. Recent analysis suggests that this uptrend is largely driven by positive factors such as a favorable ruling in the legal battle with the US Securities and Exchange Commission (SEC) and the listing of XRP on the Robinhood trading platform, along with optimism from large investors who have increased participation in the market.

However, many experts are still waiting for clear signs of its ability to sustain this price level. XRP can still be considered “cheap” compared to its all-time high of $1.96 in 2021, and according to forecasts, if market conditions are favorable, the price could continue to rise, surpassing $1 in the near future. Even though XRP has hit $1, market volatility and external factors like regulation are still things that need to be closely monitored to better determine whether or not the valuation is “cheap.”