Although the evolving fundamentals.\u00a0<\/p>\n
Pumpius, a crypto analyst on X (formerly Twitter), firmly 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.\u00a0<\/p>\n
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\u2019s market cap, securing the position of the second-largest cryptocurrency in the world, just behind Bitcoin.\u00a0<\/p>\n
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\u2019s rapid ascent.\u00a0<\/p>\n
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\u2019s position in the digital currency space. The company has also secured prime brokerages and regulatory clarity from the US, expanding Ripple\u2019s market reach and creating a stable environment for XRP\u2019s growth.\u00a0<\/p>\n
With an IPO allegedly in the pipeline<\/a>, 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<\/a> and continues to trade above $2. As a result, Pumpius claims that the cryptocurrency has still not been \u201cactivated,\u201d suggesting that it has not fully realized its potential or experienced the level of growth expected of it.\u00a0<\/p>\n Unlike in 2017, the potential for XRP is no longer based on hype alone. Pumpius\u2019s analysis estimates that if XRP were to repeat its historical 64,000% rally, starting from $2.21, its price could reach $1,414.40.\u00a0<\/p>\n While this target is purely speculative, the number underscores the massive upside that could follow if institutional capital and suppress XRP\u2019s rise.<\/p>\nWhy This Time Could Be Different<\/h2>\n