XRP has been estimated to have a fair market value of $122,580 on the basis that the total global wealth is estimated to be around $5.3 quadrillion.
An analyst has predicted that the asset would have to breach four key resistance levels – $2.42, $2.52, $2.72, and $5.85 to “secure a smooth ride upsurge.”
Ripple’s XRP is currently trading at $2.4 after recording an explosive run to “print” 148% gains on the monthly price chart and a 312% uptick on the 90-day price chart. Even so, the asset is significantly undervalued as its potential fair market value is reported to be around $122,580.
Delving into XRP’s Fair Value
Recently, Venture Capital firm Valhil Capital explored several valuation frameworks to ascertain the potential of XRP. According to the report, the Collateralization Model emerged as one of the most reliable frameworks for assessing the position of XRP in the area of universal collateral assets in a tokenized economy.
In explaining more about this framewor
