XRP community figure Edo Farina recently suggested that holding a few XRP tokens could lead to financial freedom.
In a post on X, Farina argued that holding just 1,000 XRP tokens might be one of the best financial decisions one could make in their lifetime.
“Holding just 1,000 XRP might be the best financial decision of your lifetime,” he wrote. As of now, XRP is trading at $2.33 per token, giving those holding 1,000 XRP a total value of $2,400. However, Farina’s message carries a deeper meaning.
Why Holding 1,000 XRP Is Seen as Crucial for Financial Freedom
Farina suggests that crypto investors holding 1,000 XRP or more are in a better position to achieve financial success as the price of XRP increases.
For example, if XRP reaches $100 per token, 1,000 tokens would be worth $100,000. This amount could serve as a substantial sum for retirement for some, especially when compared to someone holding just 100 XRP tokens.
In several posts, Farina has emphasized the need for XRP holders to avoid holding fewer than 1,000 XRP tokens in their portfolios. Just last week, he tweeted that those holding fewer than 1,000 XRP should focus on increasing their income streams in order to consolidate their holdings to the 1,000-token mark, which he views as a minimum requirement.
Notably, Farina is known as one of the most ambitious XRP enthusiasts. He has been vocal about his belief that XRP could someday reach a price of $10,000 per token. He has provided arguments for why he believes this price is inevitable in the future.
In this scenario, wallets holding 1,000 XRP could potentially be worth $10 million—an amount sufficient for many people to retire. While this is speculative, it forms part of the reasoning behind Farina’s continued push for holders to keep at least 1,000 XRP tokens.
Don’t Sell XRP Too Early, Even at $20
Given this outlook, Farina has warned that selling XRP at $10 or $20 could lead to financial regrets. He compares such actions to selling Bitcoin at $500 years ago and missing out on the wealth that could have been accrued from Bitcoin’s current price, which is above $90,000.
However, other market commentators disagree with this proposition. Some view the $10,000 price target as overly optimistic, while others believe that $20 per XRP would be a reasonable point to take profits.
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.
