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Although the XRP price is hovering above $2, a crypto analyst contends that this level is still low. Comparing XRP’s current price action to its explosive rally in 2017, the analyst argues that the market has not recognized the full scope of the cryptocurrency’s evolving fundamentals.
XRP Price At $2.2 Is Still Undervalued
Pumpius, a crypto analyst on X (formerly Twitter), firmly believes that the XRP price is poised for a stronger rally, arguing that a $2.21 target remains significantly undervalued. The market expert’s analysis starkly compares the current market positioning with its historic rally in 2017.
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Back in 2017, the altcoin skyrocketed from a low price of $0.005 to a staggering all-time high of $3.84, marking its most historic price rally. At its peak, XRP briefly overtook Ethereum’s market cap, securing the position of the second-largest cryptocurrency in the world, just behind Bitcoin.
During this historic rally, the XRP price soared by an astonishing 64,000%, reflecting a monumental gain despite lacking real-world use cases, institutional backing, or regulatory clarity. According to Pumpius, this surge was purely driven by retail Fear Of Missing Out (FOMO), with no stablecoins, IPOs, or financial infrastructure supporting the cryptocurrency’s rapid ascent.
Fast-forward to today, and the landscape surrounding XRP has evolved significantly. Ripple Labs, an enterprise blockchain company and the largest holder of XRP, has launched its stablecoin, RLUSD, which indirectly strengthens XRP’s position in the digital currency space. The company has also secured prime brokerages and regulatory clarity from the US, expanding Ripple’s market reach and creating a stable environment for XRP’s growth.
With an IPO allegedly in the pipeline, the infrastructure supporting XRP is more robust than ever, far exceeding the conditions seen in 2017. However, despite these developments and milestones, the altcoin’s price has yet to revisit its former all-time high and continues to trade above $2. As a result, Pumpius claims that the cryptocurrency has still not been “activated,” suggesting that it has not fully realized its potential or experienced the level of growth expected of it.
Why This Time Could Be Different
Unlike in 2017, the potential for XRP is no longer based on hype alone. Pumpius’s analysis estimates that if XRP were to repeat its historical 64,000% rally, starting from $2.21, its price could reach $1,414.40.
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While this target is purely speculative, the number underscores the massive upside that could follow if institutional capital and real-world adoption combine with retail momentum. Pumpius’s commentary also includes a conspiracy narrative, alleging that powerful, unknown entities have worked behind the scenes to suppress XRP’s rise.
According to this theory, the analyst claims that the US SEC’s lawsuit against Ripple wasn’t just about compliance but a calculated move to delay adoption and shake out retail momentum. The underlying message is that XRP’s disruptive potential posed an early threat, allegedly leading to attempts to delay its growth and prevent widespread accumulation before institutions were ready to enter the market.
Featured image from Getty Images, chart from Tradingview.com
