The XRP price experienced a significant decline of 4.7% in the past 24 hours, falling to $2.32 as trading volume dropped to $5.16 billion. This drop came despite analysts at Bayberry Capital arguing that XRP is grossly undervalued and mispriced by the market. The firm points out that XRP’s token price falls far below its intrinsic value due to a misunderstanding of the asset’s real-world purpose, highlighting Ripple’s advanced payment infrastructure and growing real-world use cases. 📊 While the market shows signs of uncertainty, strong support in the $1.90-$2.20 region provides some stability against further declines. Despite this, analysts are cautious about XRP’s future trajectory as resistance near $2.75 continues to hinder upward momentum. 📈 However, a potential break above this level could signal a significant trend reversal and propel XRP prices towards the $5.20 mark, according to technical analysis. Whether this optimistic scenario plays out remains unclear, however, as market dynamics and regulatory developments will likely play a crucial role in determining XRP’s trajectory over the next few years.