A stock investor warns crypto enthusiasts to buy XRP now while it is affordable, predicting it could equate to a monthly mortgage payment in the future.
According to CoinMarketCap data, XRP trades slightly above $0.51 with an insignificant price drop over the last 24 hours. Given XRP’s price far below a dollar, a notable stock and crypto investor took to the X platform to warn crypto community members about potentially regretting not buying XRP while it remains cheap.
XRP Equating to Monthly Mortgage Payment
In a recent tweet, US-based X user Zenakuu emphasized the current affordability of XRP, stating that it is currently within reach for many investors.
However, Zenakuu predicted that the price of XRP could soar to the point where it becomes inaccessible to retail investors. Specifically, he foresees that XRP would equate to the cost of a monthly mortgage payment.
“Today, you can afford XRP, but in the near future, it will cost just as much as a mortgage payment. Don’t be that person living in regret when the time comes,” Zenakuu remarked.
Today you can afford #XRP but in the near future it will cost just as much as a mortgage payment. Don't be that person living in regret when the time comes.
— Zenakuu (@DeFiZenakuu) October 8, 2023
It is worth noting that the typical monthly mortgage payment across the United States is $1,768. This figure is based on information from the 2022 Annual Cost of Living Index by the Council for Community and Economic Research (C2ER).
Therefore, Zenakuu warns the broader crypto market participants about the potential of XRP surging beyond the bounds to $1,768. Notably, the view about XRP reaching such an insane price stems from the widespread belief that XRP can potentially become a significant player in the global payments industry.
Moreover, top financial experts have argued in favor of such sentiments. For example, a prominent treasury manager, Shannon Thorp, recently claimed that XRP trading at a pricey $500 would be a gross undervaluation.
The Crypto Basic reported Thorp based her sentiment on the Bank of England’s research. In particular, the research projected that the cross-border payment landscape, which XRP is designed to facilitate, would be worth over $250 trillion by 2027.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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