In a recent post on X, Crypto Assets Guy (@cryptoassetsguy) shared his perspective on holding only 10,000 XRP. He envisions a lucrative outcome for XRP holders. However, this isn’t for short-term holders. His post can be described as the “patient dog getting the fattest bone” because he suggests a multi-year investment requiring patience.
XRP, the XRP Ledger (XRPL) native token, has been a topic of interest for many crypto enthusiasts. The digital currency’s value has experienced fluctuations and regulatory challenges, leaving some investors doubting. However, XRP has been fighting all its obstacles and has done better than its detractors expected.
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10,000 XRP x $100 = $1M
Crypto Assets Guy suggests that holding 10,000 XRP for 3-5 years could lead to a substantial gain, speculating that XRP’s price could reach $100 by then. XRP getting to $100 is a belief shared by many crypto analysts. Crypto Assets Guy states, “So 10,000 XRP x $100 = $1M. Not bad, right?”
Crypto Assets Guy states, “In my humble opinion holding 10,000 $XRP is enough if you are holding long term. By long-term, I mean 3-5 years from today. XRP could reach $100 by then.”
In my humble opinion holding 10,000 $XRP is enough if you are holding long term
By long term I mean 3-5 years from today
XRP could reach $100 by then
So 10,000 XRP x $100 = $1M
Not bad, right?
— Crypto Assets Guy (@cryptoassetsguy) October 16, 2023
His reasoning is straightforward: 10,000 XRP multiplied by $100 equals $1 million. At first glance, this proposition seems enticing, but let’s consider some key aspects.
Market Volatility and XRP Lawsuit
The cryptocurrency market is notoriously volatile, and XRP has not been immune to these price swings. Over the years, the value of the digital asset has seen substantial fluctuations, often in response to regulatory developments and market sentiment. A good example is the recent unexplained spike in XRP’s market cap.
Read Also: Binance Leverages Ripple and XRP Victory to Dismiss SEC Case
While the potential for growth to $100 is plausible, there is a high chance of substantial price fluctuation along the way.
This legal battle with the U.S. Securities and Exchange Commission (SEC) has also been a major challenge for XRP and its holders. The lawsuit has negatively impacted XRP’s price. However, some good has come out of it, like the surge XRP experienced after Ripple’s victory in July.
Could XRP Reach $100
Holding 10,000 XRP with the expectation of reaching $100 per coin in 3-5 years could yield a substantial return. The general market sentiment is bullish for XRP despite its current lethargic performance.
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