Analyst Says Buying XRP Under $2 Is ‘Basically Stealing It’ at This Point

XRP is under pressure, but some analysts say the current pullback presents an opportunity rather than a reason to panic.

At the time of writing, XRP is trading at $1.83, down 4.72% over the past 24 hours. Weekly performance shows a 9% decline, while losses over the past few days now stand at roughly 15%.

Despite the weakness, XRP community figure Alex Cobb believes the market is overlooking how much has changed since XRP’s last major rally.

Comparing Today to XRP Legendary Run

In a recent post, Cobb referred to XRP’s historic move from around $0.50 to $3.66, arguing that today’s fundamentals are far stronger than they were during that run.

According to him, the quality of headlines around regulation, adoption, and Ripple’s business expansion was “nowhere near as good” back then compared to today. From this perspective, Cobb argues that buying XRP below $2 represents a major deal.

In his words: “If you are buying XRP under $2, you are basically stealing it at this point.”

Regulatory Progress Still Not Reflected in Price

Cobb’s comments align with his earlier view that XRP remains underpriced given Ripple’s recent regulatory progress. He has repeatedly highlighted Ripple’s conditional license from the U.S. Office of the Comptroller of the Currency to form a national trust bank, as well as the company’s pursuit of direct access to the Federal Reserve system.

Supporters believe these developments move Ripple deeper into the U.S. financial system, yet XRP continues to trade as if those changes have limited impact.

In other words, the XRP community believes the price is lagging behind its strong fundamentals. As a result, some advocates like Cobb see current prices as buying opportunities rather than warning signs.

Interestingly, the reported holder of the world’s highest IQ shares this perspective.

World’s “Smartest Investor” Backs XRP

This week, YoungHoon Kim, who claims the world’s highest IQ (276), argued that smarter investors are more likely to hold XRP. Once a Bitcoin maximalist, Kim has shifted to XRP and has been sharing bold forecasts since December 12.

He predicts XRP could hit $100 by 2030, a nearly 50x jump — though critics call this unrealistic. Despite skepticism, Kim and other XRP bulls highlight the potential upside at XRP’s current price below $2 as a reason for high-IQ investors to hold.

On the other hand, prominent meme investor ChartFu revealed a short position on XRP. He boldly declared on X this week that he is now officially bearish on XRP, signaling expectations of lower prices.

XRP Down 50% From Peak: Is There Still Hope?

Overall, these strongly bullish and bearish calls come at a time when XRP is down 50% from its July peak of $3.66. While some believe the worst is over and a recovery is due, others are calling for a price drop below $1.

As The Crypto Basic reported this week, whales have dumped over 1.1 billion XRP in the last few weeks, signaling massive bearish sentiment.

Meanwhile, regardless of short-term performance, many believe XRP could be much higher in the years to come. Accordingly, they consider buying XRP at under $2 a steal.