Edoardo Farina, the founder of Alpha Lions Academy, reignites discussions about XRP's valuation, asserting that under fair market conditions, the token's price should exceed $100.
Regulatory Pressure and Market Uncertainty
Many industry analysts believe XRP's price is held back by external factors, particularly regulatory challenges. The long-standing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) has created uncertainty deterring many investors. XRP's price surged briefly in July 2023 after a court ruled it was not a security, but it eventually retraced to previous levels. The final verdict in August 2024 was expected to trigger a substantial rally, but the price remained largely unchanged.
The Awaited Break from Bitcoin’s Influence
Farina believes that XRP's price is still heavily influenced by Bitcoin's movements, limiting its own potential growth. He speculates that once XRP fully decouples from Bitcoin, the market could witness a historic price surge. 'I expect the most explosive candle in history once XRP finally breaks free from Bitcoin,' he stated. This sentiment is echoed by many XRP enthusiasts who believe the token is undervalued and is on the verge of experiencing a dramatic breakout when conditions align.
Support from Edoardo Farina and Other Advocates
Farina highlights XRP’s regulatory status as a key factor justifying a higher valuation. He points out that XRP remains the only fully regulated cryptocurrency in the United States, a status that, under normal circumstances, should command a significantly higher price. These factors, according to him, have formed an 'abnormal' market environment suppressing XRP’s growth.
Edoardo Farina and many XRP advocates believe the token is undervalued with its true worth significantly higher than the current market valuation. Nonetheless, until changes occur in market conditions and regulatory impacts, investors are advised to tread carefully, basing decisions on thorough analysis.
