The cryptocurrency market has been experiencing a downturn since June 2021, with XRP trading well below the $0.50 mark. This decline mirrors the broader market trend, where Bitcoin (BTC) has struggled to stay above $65,000. However, some investors view this as a buying opportunity for XRP.
Increased Accumulation by Whales and Smaller Investors
This bear market has not deterred all investors. On the contrary, data from Santiment shows a notable increase in XRP accumulation by large investors, specifically those holding between 1 million and 1 billion XRP, and even those with over 1 billion tokens.
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Data from Santiment reveals that these whales have collectively increased their holdings by 1.27 billion XRP in less than a month, bringing their total holdings to 35.53 billion XRP as of June 10th.
Smaller investors, particularly those holding between 1,000 and 10,000 XRP, have also joined the accumulation trend. This buying activity is likely fueled by speculation of a future price surge, with some analysts projecting a potential rise to $100 per XRP.
Potential Value of XRP at $100
While $100 per XRP might seem like an ambitious target, analysts have explored the potential value of various XRP holdings at this price point. Here’s a breakdown:
Investors with 10,000 XRP would see their holdings increase from $4,402 to $1 million, representing a return on investment (ROI) of 20,766%.
Investors holding 20,000 XRP could witness a portfolio increase from $8,804 to $2 million, translating to a gain of $1,980,000.
For those holding 50,000 XRP, the potential gains are even more significant. At $100 per XRP, their holdings would reach $5 million.
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Challenges to Reaching $100
Acknowledging the significant hurdles XRP faces in reaching $100 is important. XRP would need to rise by over 20,000% to hit this target. At $100 per XRP, the total market capitalization of XRP would surpass $5.56 trillion, exceeding the entire cryptocurrency market capitalization.
While reaching $100 seems highly improbable in the near future, some analysts have entertained the possibility in the long term. For example, analyst Andrew Forte suggested XRP could reach $100 by 2037, while BarriC argued that an XRP price between $100 and $500 sometime between 2032 and 2033 could represent an undervalued position. It’s crucial to remember that these are purely speculative forecasts and should not be considered financial advice.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.
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