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Though The price of XRP rises above USD 2A cryptographic analyst claims that this level is still low. Comparing current XRP price actions with its explosive rally in 2017, the analyst claims that the market did not recognize the full range of cryptocurrency Evolutionary bases.
The price of XRP after 2.2 USD is still underestimated
Pumpius, cryptographic analyst at X (previously Twitter), firmly believes That The price of XRP is ready for a stronger rallyArguing that the 2,21 USD target remains significantly underestimated. Market expert analysis clearly compares the current market positioning with his Historical rally in 2017.
In 2017, Altcoin rapidly increased from a low price of USD 0.005 to a stunning highest level of USD 3.84, which means the most historic price rally. At the summit of the XRP, he was shortly overtaking Ethereum market capitalSecuring the position of the second largest cryptocurrency in the world, just behind Bitcoin.
During this historic rally, the XRP price increased by a amazing 64,000%, reflecting the monumental profit, despite the lack of real exploit, institutional support or regulatory transparency. According to Pumpius, this height was only powered Retail fear against lack of (FOMO)Without Stablecouins, IPO or financial infrastructure supporting the speedy cryptocurrency entry.
Brisk forward to this day, and the landscape surrounding XRP has evolved significantly. Ripple Labs, Blockchain Enterprise and the largest XRP owner, MA He launched his Stablecoin, Rlusdwhich indirectly strengthens the position of XRP in the digital currency space. The company also secured the main brokerage and regulatory clarity from the USARIPPLE market range extension and creating a stable environment for XRP growth.
WITH IPO allegedly in the pipelineThe XRP supporting infrastructure is more reliable than ever, significantly exceeding the conditions observed in 2017. They were towering all time And it still trades above USD 2. As a result, Pumpius claims that the cryptocurrency has still not been “activated”, which suggests that it did not fully realize its potential or experienced the expected growth.
Why this time can be different
Unlike 2017, the XRP potential is no longer based on the noise itself. Pumpius analysis estimates that if XRP repeats its historic rally 64,000%, starting from USD 2.21, its price can reach USD 1,414.40.
Although this goal is purely speculative, this number emphasizes the huge advantage that can occur if institutional capital and adoption of the real world Combine with a retail rush. Pumpius’s comment also includes a conspiracy narrative, claiming that powerful, unknown entities worked behind the scenes Suppress XRP growth.
According to this theory, the analyst claims that Lawsuit USA sec against ripple It was not only about compatibility, but the calculated movement of the delay in the acceptance and shock of the retail momentum. The basic message is that the destructive XRP potential is an early threat, allegedly leading to attempts to delay its growth and prevent universal accumulation before the institutions were ready to enter the market.
A distinguished picture from Getty Images, chart from TradingView.com
