As XRP holds above the $1 psychological level despite several pullbacks, several analysts believe the asset remains undervalued.
Today, XRP surged by 8%, currently trading at $1.43 at press time, as it recovers from a significant correction on Tuesday. Amid the recent attempt at a breakout rally, market commentators like “Pharaoh,” a notable analyst, urge enthusiasts not to fade the momentum.
Buying XRP Now Is Still Cheap
In a recent disclosure, Pharaoh argued that buying XRP in the $1.40 range is still a bargain. He stated that crypto market participants will realize it when they examine the potential of XRP and how high its price could go.
He stressed that every $100 that investors commit to XRP today will appreciate to a greater value later. Accordingly, Pharaoh urged investors to zoom out and look at history and ongoing development.
Analyzing Historical Performance of XRP Investments
Notably, when examining XRP on the yearly timeframe, those who invested in XRP in November 2023 have seen over a 134% return on investment (ROI). Most of these gains occurred in November 2024.
However, investors are at a loss in a three-year window, as XRP is trading below its peak valuation from 2021. Moreover, investors who bought XRP seven years ago currently witness a 62% loss from their original capital, as the asset remains far from its all-time high.
Meanwhile, on a ten-year scale, those who bought XRP during its all-time low now see a +51,003% return.
While XRP’s underperformance in recent years has affected many investors’ portfolios, analysts believe the narrative is already shifting. They believe an XRP investment today will likely prove to be more valuable in the future in hindsight.
The optimism stems from recent improvements in XRP’s regulatory environment, technological advancements in the XRP ecosystem, and growing adoption.
XRP Was Chosen Long Ago
In a recent commentary, Vandell Aljarrah, co-founder of Black Swan Capitalist, remarked that he and others have discussed the potential of XRP and XLM for years. He finds it fascinating that big names and well-known commentators are just now acknowledging this potential.
As Aljarrah put it, “It’s funny how perspectives evolve.” He went on to boldly assert that XRP and its rival Stellar (XLM) “were chosen long ago,” seeing them as promising assets for the future of finance.
In response to this perspective, community member Spencer commented that he wonders if everyone would be so positive about XRP and XLM if they weren’t performing well. He noted many holders would be criticizing their XRP and XLM investments if otherwise, as both have a history of underperformance.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
