Black Swan Capitalist co-founder Versan Aljarrah suggests that buying XRP at $2 today is similar to purchasing Bitcoin at $50 several years back.
While some investors view XRP’s current price as too expensive compared to its previous range of $0.50, Aljarrah disputes this. In his view, the coin is relatively inexpensive given its potential upside.
He compared the current XRP price of $2 to buying Bitcoin a few years ago when its price was around $50. Recall that Bitcoin traded at around $50 in mid-April 2013. At the time, many believed the price was too expensive for an asset with no regulatory clarity.
However, Bitcoin’s price has grown massively ever since, soaring 213,900% to $107,000, where it currently trades.
XRP Has Clarity
Unlike early Bitcoin, the Black Swan Capitalist co-founder emphasized that XRP already has regulatory clarity, utility, and infrastructure.
For context, XRP’s utility is tied to its use in cross-border settlement. Notably, Judge Analisa Torres provided regulatory clarity for the token in July 2023 when she ruled that it was not a security in the lawsuit between the SEC and Ripple.
“XRP Volatility Designed to Exhaust Retail Investors”
Meanwhile, Aljarrah commented on XRP’s volatility amid sharp price swings. He alleged that some entities are engineering this volatility to exhaust retail investors while allowing institutional clients to reposition themselves ahead of the activation of tokenized infrastructure.
Aljarrah suggested that as retail investors sell their XRP, institutional investors quietly accumulate tokens, repositioning themselves for the next wave of adoption.
“XRP at $2 Is Cheap”
Aljarrah’s view echoes a growing sentiment within the XRP community that suggests that the $2 price is relatively inexpensive compared to its potential upside.
In May, popular community figure BarriC indicated that a price below $3 presents investors with a prime opportunity to accumulate the token. Previously, BarriC projected that investors would be willing to acquire XRP at a unit price of $100 in the future.
He also believes that once the price breaks beyond its current level, investors will no longer have the chance to buy as much XRP as they want, with potential highs projected at $1,000.
Additionally, market commentator DustyBC has set a December 2025 timeline for XRP to demonstrate that it was significantly undervalued around the $2 price range.
Overall, these bullish commentaries suggest that the XRP community views the $2 price point as relatively inexpensive compared to the asset’s potential. At press time, XRP was trading at $2.22, up 1.98% in the past day and 1.22% in the past week.
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.
