EXPERT SAYS XRP STILL UNDERVALUED DEPITE RISING VALUATIONS:
XRP is still considered undervalued despite its rising valuations, according to crypto commentator Zack Rector. He believes that Ripple's increasing valuation, now at approximately $20 billion, still doesn't reflect the company's true worth.
One major factor contributing to XRP's undervaluation is its escrow holdings. Ripple's escrow account holds around 40 billion XRP, valued at around $83 billion at the current price of $2.08 per XRP. This significant holding isn't fully reflected in Ripple's valuation, indicating a potential upside for XRP.
Additionally, analyst Ali Martinez predicts that XRP could reach $8.40 or even $48 in 2025, citing its breakout from a seven-year downtrend as a bullish indicator.
It's worth noting that XRP's regulatory issues, particularly its ongoing lawsuit with the SEC, have impacted its price. However, recent favorable rulings have reduced uncertainty and increased investor confidence.
Overall, while XRP's valuation has risen, experts believe it still has significant growth potential due to its undervaluation and promising market developments.$XRP