[ccpw id="39382"]

HomeCrypto NewsMarketExpert Says XRP Will Soon Make People Say, “Damn, I Wish I Had Some”

Expert Says XRP Will Soon Make People Say, “Damn, I Wish I Had Some”

Date:

Follow TheCryptoBasic

XRP ongoing price performance has analysts warning that the days of “cheap XRP” may be coming to an end, and many could soon regret not buying earlier.

With XRP trading at $3, despite being down 5% over the past week, it boasts a 31% gain over the last 30 days. Looking at its one-year performance, XRP is up nearly 500%.

“Damn, I Wish I Had Some”: XRP Chart Could Soon Shock Observers

Amid this performance, XRP community figure “XRPee” recently tweeted that it won’t be long before people look at the XRP chart and regret not having invested earlier.

- Advertisement -

According to XRPee, that moment of realization may already be creeping in, as XRP’s price now hovers around $3, up significantly from its multi-year consolidation under $1. The recent breakout to $3.66 marked its highest level since the 2018 bull cycle, and many in the community believe this is just the beginning.

XRP Won’t Stay “Cheap” Forever

XRPee’s message aligns with previous warnings from other voices in the space. Last month, analyst John Squire argued that XRP under $5 should be considered a bargain. According to Squire, by 2030, the regret over not accumulating more XRP at current levels could be widespread, as the coin may be worth significantly more by then.

Edoardo Farina has also argued that once XRP truly decouples from Bitcoin and establishes its own macro narrative, the resulting price surge will leave most sidelined investors in disbelief.

Macro strategist Jake Claver shared a similar view. He continues to argue that XRP could be worth well over $1,000 if it fulfills its use cases in settlement infrastructure.

To its proponents, XRP’s relevance in Ripple’s payment corridors, its expanding stablecoin plans via RLUSD, and the growing number of tokenized assets on the XRP Ledger (XRPL) all point toward increasing demand-side pressure.

Mainstream Media Spotlights XRP

Also, a prominent U.S. media outlet recently fueled the investment case for XRP. Specifically, on August 2, USA Today called XRP the smartest crypto asset to buy for investors with a $500 budget. It cited the token’s real-world adoption, improving regulatory outlook, and strong fundamentals.

Compared to traditional investments like the S&P 500, where a $500 investment might yield around $50 annually, USA Today noted that XRP offers much higher potential returns, albeit with greater volatility.

Few Believe Before the Breakout

However, despite the growing number of prominent voices highlighting XRP’s favorable outlook, the coin still faces massive criticism.

The XRP community has long dealt with skepticism, especially during years of price stagnation. In 2022, CNBC host Jim Cramer infamously called XRP a “giant con” when it traded at $0.38. Today, it’s up over 790% since that statement.

Community analysts are now warning that XRP could be entering another “disbelief” phase, where the chart could go vertical while some remain on the sidelines, doubting XRP’s legitimacy until it’s too late.

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.

Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

More from Author

Latest Stories

Guides