As the price of XRP approaches a new all-time high, market commentators are urging holders to reflect on how financially free they could become holding 10,000 tokens.
On Wednesday, January 15, XRP recaptured the $3 mark after trading below it for exactly seven years. With XRP trading at $3.20 at press time, the third-biggest cryptocurrency is just an 18% rally away from shattering its $3.84 all-time high.
Amid this price performance, Edo Farina, CEO of Alpha Lions Academy, reminded XRP enthusiasts of the significance of holding 10,000 tokens. He believes that those holding this amount of XRP or more have the best shot at financial freedom.
In his words, “If you’ve accumulated 10,000 XRP, it’s hard to understand how free you’ll be.”
Accumulating 10,000 XRP Today Compared to Before
Recall that on New Year’s Eve, Farina warned that not holding at least 10,000 XRP tokens could be a “lifetime mistake.”
His statement suggests that, although XRP is relatively inexpensive, holding 10,000 tokens could lead to substantial financial gains. At the time, acquiring 10,000 XRP required an investment of about $20,700.
However, accumulating 10,000 XRP now costs $32,000 at current prices. Meanwhile, 12 weeks ago, the crypto community still had the opportunity to buy 10,000 XRP cheaply at around $4,900. Since then, the price has gone up over 5X.
What 10,000 XRP Could Be Worth
Farina’s view on the requirement rests on the popular belief that the unit price of XRP could surpass $100 someday, a target that many have deemed unfeasible, given market cap implications.
Influencers like The Crypto Asset Guy have also argued for the necessity of holding 10,000 XRP. He agrees with projections that XRP could reach $100 in the future, making such holders millionaires.
Likewise, wealth mentor Linda Jones predicts XRP could reach $100 per token in the future, urging investors to buy now before it’s too late.
She highlighted the sharp rise in XRP’s price, noting that a $100 investment that once bought 400 tokens now only buys fewer than 50. She anticipates that $100 might only purchase a single XRP token in the future.
Emphatically, should XRP trade at $100 per token, a portfolio of 10,000 tokens would be worth $1 million.
How Much of the XRP Army Holds 10K Tokens?
Although XRP was once relatively cheaper, some retail investors still find such investments out of reach. As XRP’s price continues to climb, many more are getting priced out.
For context, wallets holding below 10,000 XRP account for the largest pool of XRP holders. In particular, of the 5.93 million XRP holders, a staggering 5.64 million wallets hold below 10,000 XRP.
Meanwhile, pundits like Farina continue to see this quantity as a key requirement for investment success.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
