What is a smart amount of XRP to own? According to analyst TheXRPguy, the answer is simple: anyone with more than 10,000 XRP in their wallet is in good hands. The statement has sparked discussion among investors, especially now that the price is around $2.17.
XRP analyst sparks debate
TheXRPguy, a well-known name in the XRP community, wrote on He thereby implies that this amount, approximately $21,700, is sufficient to seriously benefit from price growth in the future.
Other analysts also share that optimism. Charting Guy even expects an increase to $8 in the short term. He bases himself on an Elliott Wave pattern, in which markets move in fixed waves. According to his analysis, XRP is in the fifth wave, which leaves room for a new all-time high. From current levels, that would represent an increase of almost 270 percent.
The enormous potential of XRP
Investors have been looking at XRP with high expectations for some time, mainly because of the role of parent company Ripple. He wants to modernize the market for cross-border payments with the network. In that sector everything still revolves around the slow and expensive SWIFT system. XRP should change that with faster and cheaper transactions.
Some analysts go one step further. Ripple Bull Winkle predicts an XRP price of $200. In that scenario, owning 10,000 XRP would amount to $2 million. But there are major ifs and buts to this.
A price of $200 would increase the total market value of XRP to almost $12 trillion, while the entire crypto market is now worth $3.25 trillion. Such a valuation requires a completely different market sentiment, structural adoption and time. Possibly even decades. And even then, the question is whether this scenario will ever become reality.
Source: https://newsbit.nl/analist-heb-je-meer-dan-10-000-xrp-dan-zit-je-goed/
