XRP has found itself under the watchful eyes of investors as market experts claim a $10,000 price target is inevitable for the cryptocurrency. These discussions come amid a recent uptick in the price of XRP and other top cryptocurrencies.
Experts Unveils Bold Prediction
In a recent podcast, Edoardo Farina, CEO of Alpha Lions Academy, and Versan Aljarrah, Black Swan Capitalist founder say XRP’s price at $10,000 is realistic.
Ajarrah’s conviction stands on a speculative viewpoint that the price of XRP will be “set” by Central Banks and other international settlement agencies such as the IMF in the future. He compared this to what happens when firms try to go public and set higher beginning pricing for their stock.
Ajarrrah added that XRP’s unique technology and growing adoption for settlement worldwide would raise its liquidity value to higher levels. Adding to Ajarrah’s viewpoint, Farina says a $10,000 price outlook for XRP is inevitable. According to him, XRP is a better vehicle for payments and highlights that the crypto market is still in its early stages.
Farina argues that XRP’s functionality goes beyond cross-border payments, expanding to sectors such as tokenization. He cited an instance where a company now permits users to trade gold on the XRP Ledger (XRPL). He envisions a future in which tokenization and the expansion of cross-border payments would be combined to make XRP an indispensable part of the financial system and drive up its price.
Expert Compares XRP to Bitcoin
Furthermore, Farina made comparisons between the rise of Bitcoin (BTC) from $500 to $10,000 and the current $63,000 over time. According to him, the value of the top asset only came from speculation, and it served no use other than being a store of wealth.
At the time of this writing, XRP is trading at $0.5186, with market cap and trading volume pegged at $28.6 billion, and $1.1 billion respectively. While the optimism for the massive valuation is high, the current reality calls for caution.
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