Renowned crypto analyst EGRAG suggests that selling XRP today could be akin to individuals who parted ways with the stocks of Apple, Amazon, Google, and Tesla in their earliest days.
In the ongoing bull market, XRP rarely engineers commendable bull runs alongside the broader crypto market. Meanwhile, it often gets caught up with other better-performing crypto assets during price correction.
This subpar price performance has frustrated holders who expect more, given XRP’s utility as a cryptocurrency for international settlement. However, prominent figures in the community have persistently given holders reasons to remain optimistic about XRP amid the lackluster performance.
In a recent update on X, analyst EGRAG urged XRP investors to reflect on the historical growth patterns of the stocks of today’s tech behemoths Apple, Amazon, Google, and Tesla. The comparison highlighted the once-modest valuations of these companies’ stocks about a decade ago. It drew a parallel to the present-day XRP, which is currently trading at around $0.5.
Selling XRP Now Like Selling FAANG Stocks Years Ago
Specifically, EGRAG prompted XRP holders to consider the case of individuals who sold Apple’s AAPL at $0.5 in 1989. Remarkably, APPL is worth $189.98 today, marking a growth of over 37,500% in 35 years.
#XRP Think About it:
Imagine Selling #AAPL at 0.50c
Imagine Selling #Google at $11
Imagine Selling #AMZN at $5.6
Imagine Selling #TSLA at $2.5#XRPArmy STAY STEADY pic.twitter.com/R0CG2gfNS9
— EGRAG CRYPTO (@egragcrypto) May 24, 2024
According to prediction platforms like Telegaon, XRP could have a maximum price of $105.27 by 2050 or 26 years from now.
Furthermore, EGRAG’s chart also noted that Google’s stock was worth $11 sometime in 2006 but has grown to $176.33 by 2024. Similarly, EGRAG highlighted that Tesla’s stock, priced at $2.5 thirteen years ago, has consistently risen to reach its current price of $179.24.
The analyst encouraged XRP investors to ponder the potential regret of prematurely selling these investments that later proved highly valuable. Essentially, EGRAG envisions a future where XRP could experience a similar trajectory, potentially reaching much higher valuations than the current $0.5.
In various updates, EGRAG has suggested that XRP could reach $90 in the forthcoming years. He has also set nearer-term goals, including a target of $27 for XRP during the current bull market.
Meanwhile, EGRAG’s perspective that XRP could match or even surpass the value of FAANG company stocks is shared by others. Panos Mekras, the renowned author of “Understanding Crypto,” has also expressed a similar sentiment regarding XRP’s potential.