The price of XRP has been experiencing an increase lately, as the coin spiked by more than 150% between November 6 and 26. This bullish movement saw the coin break past $1 and reach $1.6 before it dropped, and it is now trading at $1.46. This milestone is a breath of fresh air for XRP investors, as the coin is once again becoming one of the top players in the market. But can the price of XRP reach $10 in the future?
Crypto analysts known as BarriC on X reflected on XRP’s price movements, noting significant milestones such as its rise from mere fractions of a cent to peaks of $3 and $1.50.
He stated that people weren’t prepared for a $3 XRP when it was trading at $0.006. Similarly, they weren’t ready for a $1.50 XRP just five months ago, when it was at $0.50. Now that XRP is trading between $1.40 and $1.50, many aren’t ready for it to hit $10. The idea of a $100 XRP seems far-fetched to many. And the thought of a $1,000 XRP? Most people can’t even fathom it.
People weren’t ready for a $3 $XRP when $XRP was trading at $0.006
People weren’t ready for a $1.50 $XRP when $XRP was trading at $0.50 only five months ago
People aren’t ready for a $10 $XRP at the moment when $XRP is trading between $1.40-$1.50
People aren’t ready for a $100…
— BarriC (@B_arri_C) November 28, 2024Mass Adoption Could Drive XRP Price Growth
BarriC encouraged investors to adopt an ‘accumulate and hold’ (HODL) strategy and advised against being swayed by negativity or fear. Instead, the analyst advocates for a conviction-driven approach, suggesting that patience will reward those who believe in XRP’s long-term potential.
XRP’s true price surge will be catalyzed by mass adoption and practical use cases, particularly in cross-border payments and remittance solutions. The analyst posits that the market is currently experiencing a speculative-driven bull run, but the real value of XRP will emerge during a “utility run,” when its applications in real-world scenarios are fully realized.
READ ALSO: Ripple Expert Explains How XRP Price Could Spike to $1,000
Although XRP is still facing a legal battle with the U.S. Securities and Exchange Commission, the emergence of pro-crypto President Donald Trump could possibly work in favor of the token. A new SEC chair might reduce crypto regulations and potentially drop the charges against the token. If this occurs, it could propel XRP’s price toward the $10 milestone predicted by analysts in the near future.
