XRP has shown resilience above the $1 psychological level despite recent pullbacks, and many analysts believe that the asset remains undervalued. As of today, XRP surged by 8%, trading at $1.43, as it recovers from a significant correction earlier in the week. Amid this ongoing recovery, market commentators such as the well-known analyst “Pharaoh” are urging investors to consider the long-term potential of XRP.

Buying XRP Now is Still Cheap

Pharaoh, a prominent figure in the crypto space, recently stated that buying XRP at the current price range of $1.40 is still a great deal. He emphasized that the real value of XRP will become apparent as investors look deeper into the token’s future prospects. According to Pharaoh, any investment made today will likely appreciate significantly over time.

He highlighted the importance of a long-term perspective. By urging crypto market participants to zoom out and analyze XRP’s history, Pharaoh argues that investing in XRP now is an opportunity that will pay off down the road. For example, he pointed out that every $100 invested in XRP today could return much greater value in the future.

Analyzing Historical Performance of XRP Investments

XRP has demonstrated considerable growth over different time periods. Those who invested in XRP in November 2023, for example, have enjoyed a 134% return on investment (ROI), with most of these gains coming in November 2024 alone. Despite this short-term success, the longer-term picture remains mixed.

In the past three years, XRP investors have faced losses, as the asset is still trading below its peak valuation from 2021. Even longer-term investors, such as those who purchased XRP seven years ago, have seen a 62% loss in their investments, with the asset far from its all-time high.

However, when taking a longer view, XRP’s historical performance has been impressive. Investors who purchased XRP during its all-time low now enjoy a staggering +51,003% return. This long-term growth suggests that XRP remains a valuable asset for those with a patient and strategic investment approach.

The Changing Narrative for XRP

Despite recent underperformance, there’s growing optimism about XRP’s future. Many analysts and industry leaders believe that the asset is on the cusp of a major rebound, thanks to ongoing improvements in its regulatory environment and technological advancements in its ecosystem. Additionally, growing adoption of XRP’s blockchain for payments and financial transactions is expected to drive demand and, by extension, its value.

XRP’s legal battles and regulatory hurdles have historically held back its potential, but with the current climate shifting in favor of the cryptocurrency, investors are more optimistic. Many believe that XRP is well-positioned for future growth, especially if its legal issues continue to resolve favorably.

XRP Was Chosen Long Ago

In a recent commentary, Vandell Aljarrah, co-founder of Black Swan Capitalist, remarked on the early recognition of XRP’s potential. Aljarrah and others have been discussing the future of XRP and its counterpart Stellar (XLM) for years, seeing both as promising assets for the future of digital finance. Aljarrah stated that, in his view, XRP and XLM were “chosen long ago” as crucial pieces in the puzzle of the future global financial system.

Aljarrah’s comments highlight how perspectives about certain cryptocurrencies can evolve over time. While XRP has faced its share of challenges, its utility and role in the broader financial ecosystem are becoming more widely acknowledged. This recognition is fueling optimism about the coin’s long-term viability.

However, not everyone shares this optimism. A community member, Spencer, responded to Aljarrah’s comments, questioning whether people would be as enthusiastic about XRP and XLM if they hadn’t recently performed well. Spencer pointed out that many investors would likely be criticizing these coins if their market performance had remained stagnant.

Conclusion

While XRP has had its ups and downs, analysts are still optimistic about its potential. For those looking for long-term gains, XRP is seen as a bargain at its current price. As the cryptocurrency market matures and XRP continues to resolve its regulatory issues, many believe the altcoin will reclaim its position as a leading digital asset.