thecryptobasic.com
In a recent tweet, Edoardo Farina, the founder of Alpha Lions Academy, shared a bold perspective on XRP potential.
Farina expressed his belief that, under normal market conditions, XRP would already be trading above $100. Notably, XRP is currently worth $2.44, trading 36% below its all-time high. However, this price reflects an impressive 286% gain over the past year.
XRP enthusiasts believe the token is undervalued, and Farina suggests that XRP’s value does not currently reflect its true potential. He emphasized that XRP is the only fully regulated crypto asset in the U.S., and as such, it should be trading at a much higher price if the market was functioning under “normal” circumstances.
Forces Holding XRP Back
Commentators like Farina attribute this discrepancy to external factors, including regulatory pressure from the Ripple lawsuit. Notably, XRP faced significant challenges amid legal battles with the U.S. SEC. The legal action created uncertainty in the market but was eased in July 2023 when the court ruled that XRP is not a security.
While the judgment briefly boosted XRP’s price, the momentum was short-lived. The XRP price later retraced to levels it traded at before the court ruling. Enthusiasts attributed the performance to the ongoing Ripple lawsuit, arguing that a final ruling would propel XRP.
However, the final judgment came in August 2024, and XRP’s price remained largely the same. The main surge for XRP came after Gary Gensler announced his resignation from the SEC in November 2024. Meanwhile, the most recent announcement of the SEC dropping its appeal against Ripple failed to boost XRP’s price further.
Commentators view all of these factors as abnormal market conditions for XRP, hindering its expected growth.
Meanwhile, Farina noted that the largest transfers of wealth typically don’t occur under “normal” conditions. This statement suggests that, regardless of the challenges facing XRP, a major disruption could still occur that would erase years of underperformance.
Biggest Candle in History Upon Breaking Free from Bitcoin
Farina concluded his tweet by suggesting that once XRP “breaks free from Bitcoin,” the asset will see an explosive candle. This implies that XRP’s price, like other altcoins, mirrors Bitcoin’s price performance. He hopes for XRP to decouple from Bitcoin’s movement and move independently.
According to Farina, this independence from Bitcoin’s movements could trigger a rally unlike anything seen before in XRP’s history.
“I expect the most explosive candle in history once XRP finally breaks free from Bitcoin,” Farina wrote.