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.
- Content Editor ( thecryptobasic.com )
- 2024-12-30
Expert Says XRP Still Incredibly Undervalued Despite Rising Valuations