XRP Price Falls 4% Despite Bayberry Capital Calling It Deeply Undervalued

The XRP price has slipped 4% in the last 24 hours, to trade at $2.51, on a 8% drop in the daily trading volume, to $7.47 billion.

The drop in XRP price comes despite Bayberry Capital saying XRP is still undervalued, even though its demand, trading activity, and real-world use are growing. The firm believes investors misunderstand XRP’s true purpose — it’s not just a speculative token but a key tool for moving money between financial systems. Bayberry compares XRP’s current stage to the early internet, where big infrastructure was being built quietly behind the scenes.

According to CryptoQuant data, traders are shifting from Bitcoin and Ethereum to XRP, showing rising confidence in assets with real-world utility. Ripple’s recent partnerships with Mastercard, WebBank, and Gemini have boosted XRP’s use, especially through the RLUSD stablecoin.

Ripple also raised $500 million at a $40 billion valuation, with plans to enable credit card settlements on the XRP Ledger. Bayberry says XRP’s stability shows strong underlying growth — and its real value will become clearer as the world moves toward tokenized finance.

XRP Price Analysis: Bullish Reversal Could Push Price Toward $3.50

XRP is showing strong signs of a bullish reversal after breaking out of a long bearish channel. The token is now trading around $2.23, up nearly 0.8% in the past 24 hours, as buyers begin to regain control of the market.

This shift suggests that XRP might be preparing for a move toward the $3.50 target zone in the coming weeks. For several months, XRP traded inside a bearish channel, creating lower highs and lower lows — a common sign of weakening momentum. However, the recent breakout above the upper boundary of this channel has changed the tone, signaling that the long period of selling pressure may be ending. A confirmed breakout often attracts new buyers, helping to build momentum for the next upward phase.

XRPUSDT Analysis Source: Tradingview

The chart highlights a major support zone near the $2.00 level, an area where buyers have consistently stepped in to stop further losses. As long as the price remains above this level, the bullish outlook stays valid. On the upside, the next important resistance sits between $2.80 and $3.00. A clean break above that level could open the path for XRP to retest the $3.50 target price seen earlier this year.

The Relative Strength Index (RSI) is currently near 44, showing that XRP is neither overbought nor oversold. This gives the token room to rise before reaching overheated conditions. If the RSI moves above 50, it would confirm growing bullish momentum and attract more buyers to the market.

Overall, XRP appears to be recovering after months of downside movement. The breakout from the bearish channel and the steady support near $2.00 suggest that sentiment is turning positive. If bulls manage to hold the current levels and push above $2.80, XRP could rally toward $3.50, marking the start of a new bullish phase.