Market commentator Jake Claver believes XRP is heavily undervalued, especially amidst growing derivatives trading adoption.
XRP has seen progress in the derivatives market with the launch of futures products on various platforms like Bitnomial Exchange, Coinbase Derivatives, and upcoming plans by CME Group.
Claver suggests XRP price could reach as high as $100 if it captures just 1% of the estimated $1 quadrillion derivatives market.
There's also potential for significant price increase if XRP handles a portion of SWIFT's daily transactions, with projections indicating an impressive market impact.