CandleFocus

Expert Says XRP Still Incredibly Undervalued Despite Rising Valuations

Crypto commentator Zack Rector believes that Ripple and its digital asset XRP are undervalued, despite recent increases in valuation. Ripple's implied valuation has more than doubled to approximately $20 billion on certain platforms, but Rector argues that the company is still undervalued. He points to the company's XRP holdings in its escrow account, which are currently worth around $83 billion. Even with XRP trading at $2, Rector believes the company's valuation does not reflect the full value of its holdings. Other analysts also see potential for XRP's price to increase significantly, with price targets ranging from $8.40 to $48 by 2025. Rector also highlights Ripple's diversification into sectors such as stablecoins and custody services, which he believes adds to the company's growth potential.

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