Home Altcoins News XRP Could Surpass $20, Expert Predicts

XRP Could Surpass $20, Expert Predicts

XRP

XRP has long been one of the most discussed cryptocurrencies, with investors and analysts alike wondering how high it can go in the coming years. One of the most optimistic perspectives comes from Edo Farina, the founder of Alpha Lions Academy, who believes that a price of $20 for XRP might just be the beginning of its journey toward even higher valuations.

In a tweet on Friday, Farina expressed confidence in XRP’s future price growth, drawing a parallel with Bitcoin’s remarkable performance over the past decade. Specifically, Farina referenced how early Bitcoin investors who sold their holdings at around $500 per coin would likely regret that decision today, especially as Bitcoin has surpassed $100,000. By using this analogy, he argued that selling XRP too soon, even at its current price of $2.36, could lead to missed opportunities as the cryptocurrency’s value grows.

Farina’s outlook hinges on the belief that XRP’s potential, like Bitcoin, extends far beyond its current price range. His optimistic perspective suggests that, just as Bitcoin’s early investors have reaped rewards from holding through the years, XRP holders may see significant long-term gains. “If you knew 10 years ago that BTC would reach $100K, would you be selling at $500 for fiat?” Farina asked in his tweet. “Of course not.”

This statement underscores Farina’s belief that, for XRP, $20 could be seen as just a stepping stone to higher values. Despite the cryptocurrency being priced at $2.36 at the time of writing, Farina believes that a $20 XRP price point could still be modest when compared to its ultimate potential. To reach this milestone, XRP would need to experience a growth of approximately 750%. This steep climb is not beyond the realm of possibility, considering the historical price rallies that cryptocurrencies like Bitcoin have experienced in the past.

Farina took things further by sharing that, if XRP does reach $20, he would be buying even more, viewing it as a conservative target for the cryptocurrency. He explained that, just as Bitcoin’s early investors have been rewarded for holding the asset through various cycles, XRP investors could also benefit from long-term holding, despite short-term market fluctuations.

While Farina’s perspective is undeniably bullish, there are critics who offer a more cautious outlook. Notably, technical analyst JD has challenged Farina’s viewpoint, suggesting that buying XRP at $20 could expose investors to greater risk. JD argues that $20 might represent a peak in XRP’s price before a significant correction takes place. In this view, buying at such a high level might present more financial risk than reward.

Despite these differing opinions, Farina remains steadfast in his belief that XRP could rise far beyond the $20 mark. In fact, he has previously stated that he sees a future where XRP could eventually reach thousands of dollars per token. Some of Farina’s more audacious predictions even suggest that an XRP price of $10,000 could become inevitable due to the cryptocurrency’s growing use in the global payments market. As Ripple continues to expand its partnerships and improve the utility of its XRP token, Farina believes the future remains bright for the cryptocurrency.

While the journey to a $20 price point or beyond might seem far-fetched for some, it’s clear that Farina’s outlook reflects a long-term, optimistic view of XRP’s potential in the global financial ecosystem. Only time will tell if this vision will materialize, but for now, Farina’s faith in XRP’s potential continues to fuel the excitement surrounding its future.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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