Crypto founder Edoardo Farina recently shared his belief that owning a portfolio of 1,000 XRP tokens will remain out of reach for many investors, particularly as the cryptocurrency’s price continues to rise. Farina’s statement suggests that an amount of 1,000 XRP, currently worth around $2,400, may be a sum that many in the crypto world either cannot afford or are unwilling to commit to.

Price Surge and Increased Accessibility

Seven months ago, in November 2024, investors could have purchased 1,000 XRP for less than $500, with the coin trading below $0.50. However, since then, XRP’s price has surged more than fivefold, making it more difficult for retail investors to acquire a substantial amount of the cryptocurrency. With the increased price, the cost of owning 1,000 XRP has grown significantly, currently standing at approximately $2,400.

Wallets Holding Fewer Than 1,000 XRP

Farina’s statement is backed by data from the XRP Rich List, which shows that over 5 million of the 6.478 million XRP wallets hold fewer than 1,000 XRP. More specifically, 2.734 million wallets, or over 42% of XRP holders, hold between 0 and 20 XRP. Additionally, 2.517 million wallets hold between 20 and 500 XRP, accounting for almost 39% of holders. This data highlights that a significant portion of the XRP community owns far fewer than 1,000 tokens.

As XRP’s price continues to increase, Farina believes that the number of people who hold 1,000 XRP or more will shrink. He suggests that retail investors are becoming priced out of the market due to the rising price of the coin.

The Case for Holding 1,000 XRP

Despite the challenges, many XRP advocates view owning at least 1,000 XRP as a benchmark for potential financial success. Some analysts even believe that holding 1,000 XRP could provide financial freedom by 2029, just four years from now. This belief is based on optimistic projections for XRP’s future value. For instance, if XRP reaches $100 per token, holding 1,000 tokens would be worth $100,000— a life-changing amount for many investors.

In even more optimistic projections, if XRP were to reach $1,000 per coin, the same 1,000 XRP could make the holder a millionaire. However, while these projections are enticing, they come with a significant level of uncertainty, as many factors will influence whether XRP can reach such high prices.

Projections and Timelines

While some analysts predict that XRP could reach $100 per token soon, others suggest that it may take several years. Analyst Javon Marks predicts that XRP could hit $100 this year, but many experts believe it may take a decade or more. For example, analysts at Telegaon forecast that XRP could reach $100 by 2040, while CryptoGuard’s Matthew Brienen has suggested that the coin could hit $1,000 by 2035.

Despite these varying opinions, chartered financial analyst Rajat Soni remains cautious, stating that even reaching $100 for XRP is overly ambitious in the short term.

Conclusion

While many are excited about the potential for XRP’s future price appreciation, experts like Farina warn that owning 1,000 XRP may become increasingly difficult for retail investors as the price climbs. However, those who manage to accumulate that amount may see significant financial rewards if XRP reaches the price levels projected by some analysts in the coming years.