Bitwise Chief Investment Officer (CIO) Matt Hougan believes that XRP may be undervalued and could experience a sharp market correction if its ongoing legal battle with the US Securities and Exchange Commission (SEC) is resolved favorably. The lawsuit has restricted XRP's growth within the US market and led to its delisting from major exchanges. Hougan suggests that a resolution could unlock significant demand and change the narrative around the asset. He also highlights Japan's aggressive adoption of XRP and the potential for global adoption. While there is no guarantee of success, a positive outcome in the legal case could lead to a market repricing event for XRP. At the time of the interview, XRP was trading at $2.12.



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