Currently, $XRP is trading near its lowest level since November 2024, despite increased network activity and interest from institutional investors.
Despite this, senior analyst at Rakuten Wallet, Yasuo Matsuda, gave a positive forecast for $XRP, calling the token unique in the digital asset market. Rakuten Wallet is a widely known financial platform in Japan, famous for its active support of regulated cryptocurrency trading.
Matsuda referred to the design of $XRP, which was developed as a crypto asset for money transfers. This important functionality will ultimately be reflected in the market capitalization and price of $XRP. In his opinion, revaluation is only a matter of time.
Analysts outside Japan express similar views. A financial expert from Germany emphasized the technical position of $XRP, calling it "severely oversold." The term "oversold" indicates a situation where an asset's market price is lower than what technical indicators suggest.
Separate indicators point to growth in activity on the $XRP ledger. For example, the number of active addresses in August increased by approximately one-third compared to July, with August 11th being the most active day.
The transaction volume involving AI agents based on the x402 protocol on the $XRP ledger has approached 2 million, reflecting the growing integration of advanced settlement technologies.
It is also worth noting that the issuer of $XRP aims to modernize global financial infrastructure with solutions for real-time cross-border settlements.
Ripple's Chief Commercial Officer, Reece Merrick, noted that the company's mission includes "reshaping the financial system" with a focus on institutional adoption, real-world asset tokenization, and expansion into regions such as the Middle East.
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