John Deaton, the lawyer representing over 75,000 XRP investors, has recently suggested that the digital token XRP could hit an all-time high of $10 once the Ripple-SEC lawsuit is over, addressing the fear of missing out (FOMO) among investors.
In a recent interview, Deaton shared his opinion on XRP hitting the $10 price point once the lingering lawsuit comes to an end.
In the course of the interview, the lawyer expressed concern about the behavior of investors who criticized XRP when it was trading at $0.48 but would eagerly purchase the asset when priced above $1 for fear of missing out (FOMO).
Deaton then continued by pointing out that XRP could surpass its all-time high in its next rally, stating that it could even surge up to $10. Howbeit, he said he doesn’t believe XRP could reach triple digits values.
As earlier reported by TimesTabloid, Deaton once showcased his concern about some investors who are not seeing the current price of XRP as an investment opportunity, but will later purchase the asset when it surges above $1.
In the tweet viral tweet, the lawyer said the FOMO on XRP may not kick in until it starts trading above $2.
“XRP sits at .48 cents and it’s crazy to think about how many people, who refuse to buy it now, are going to buy it over $1. What’s even more crazy is that fomo won’t likely kick in until $2,” John Deaton noted.
Investors Must Do Thorough Research
During the interview, Deaton also emphasized the importance of investors’ personal and thorough research before investing in any digital asset, admitting that his estimate on XRP price was based on a “technical wild-a.s guess.”
The lawyer also appreciated the support of the XRP community, confirming that he takes nothing from Ripple for his efforts in the XRP community.