A notable market commentator suggests the current XRP price would be undervalued if derivatives trading for the asset gains broader adoption.
His recent comments come as XRP continues to face bearish pressure amid a broader market lull. Since collapsing from the $3.3 peak in January, XRP has largely traded at the lower end of the $2 price mark. However, analysts insist the asset is undervalued in this region.
Jake Claver, Managing Director at Digital Ascension Group (DAG), is the latest to echo this sentiment. In a recent commentary, he insisted that XRP’s current position suggests the asset is “heavily undervalued,” especially in a scenario where derivatives trading gains traction.
XRP Making Progress in the Derivatives Market
Interestingly, 2025 has marked a massive turning point for XRP on the derivatives front. For one, in March, Bitnomial Exchange launched the first XRP futures product in the United States under CFTC oversight, introducing the XRP US Dollar Myra (XRUY) Futures.
The product, offered through Bitnomial’s exchange, clearinghouse, and brokerage subsidiaries, presented market participants with a compliant and transparent way to gain exposure to XRP derivatives.
Following this milestone, Coinbase Derivatives joined the fray last month, listing its own XRP futures contracts under CFTC oversight. Coinbase offered both standard contracts representing 10,000 XRP and smaller “nano” contracts of 500 XRP.
Most recently, CME Group, the world’s leading derivatives marketplace, announced on April 24 its plans to launch XRP futures on May 19, pending regulatory approval. CME’s offering includes micro-sized contracts of 2,500 XRP and larger contracts of 50,000 XRP.
These developments, bolstered by the success of products like Teucrium’s 2x Daily Long XRP ETF, show XRP’s rising prominence in the regulated derivatives space and point to a potential path toward broader financial adoption, including the possibility of spot XRP ETFs shortly.
Amid the progress around derivatives trading, Claver believes the XRP price should be massively higher than the current position. Further, estimates suggest XRP could reach as high as $100 if it captures just 1% of the derivatives market, estimated to sit at $1 quadrillion.
If XRP Handles a Portion of SWIFT’s Volume
Meanwhile, SWIFT, the global financial messaging system, also caters to the derivatives market, especially in post-trade processing, collateral management, and settlement. In his commentary, Claver also called attention to XRP’s potential to capture a portion of the daily flow handled by SWIFT.
According to him, if XRP handles only 10% of SWIFT’s daily flow, this could lead to an impressive price increase. He then called attention to the estimated $6.5 trillion volume that moves on the foreign exchange market daily. If XRP takes advantage of this flow, it could set the stage for further price appreciation.
Notably, XRP’s attractive features in the payments sector are the primary reasons behind comments such as Claver’s, as most believe it has the potential to deliver more efficiently than traditional systems. However, its price currently at $2.2 does not reflect such massive utility.
