A notable XRP market commentator has suggested that XRP will rise to a price level where most investors would only be able to afford “dust of the token.”
This commentary came from Xena, a community pundit that has continued to express her confidence in XRP’s price prospect. Notably, XRP recently spiked above the $3 mark after attempting to breach the level for several months. On the back of this feat, Xena called attention to how much XRP $1,000 could get.
$1,000 Can Only Get 315 XRP Now
The pundit pointed out that with XRP trading for $3, an investor who commits $1,000 would only amass 330 XRP. Specifically, XRP trades for $3.17 as of press time. At this price, a market participant would only procure 315 XRP with $1,000, indicating that the figure has reduced since Xena’s comments.
Notably, Xena suggests this trend could continue. According to her, at the $3 price level, XRP is becoming less affordable to the everyday investor. Community commentators like Edoardo Farina also identified this pattern when XRP traded for $2. Last month, Farina insisted that XRP was already pricing out retail investors.
Meanwhile, in a recent report, The Crypto Basic found that procuring just 2,400 XRP to enter the top 10 of the XRP Rich List is now out of reach for the average salary earner in the U.S. and the U.K. unless they save for multiple months.
However, this was not the case just a year ago. Moreover, a $1,000 investment would have procured much more tokens, as Xena implied. For context, in July 2024, XRP traded for around $0.48. At this price, an investor could amass around 2,083 XRP with $1,000. Today, this figure has reduced to 315 XRP.
Most People Would Only be Able to Afford “Dust”
Xena believes the figure will continue dropping, essentially predicting XRP price to see consistent gains. According to her, at a $5 price, which represents a mere 57% rise from the current price, most investors would already find it “dramatically too high” to buy XRP.
She suggested that as a result of this, these investors would only settle for “dust of the token,” referring to fractional ownership. Notably, this is the trend that occurred with Bitcoin. A decade ago, in July 2014, $1,000 could buy 4 BTC as Bitcoin traded around $250. Now, the $1,000 would only be able to afford 0.008 BTC, essentially a fraction or “dust.”
Xena sees this happening with XRP. She noted that unless one is wealthy and can afford to commit higher amounts toward investments, XRP is heading toward a level where investors will see it as a pricey asset especially if they’re aiming to amass up to 1,000 tokens.
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.
