"Not much time left to buy XRP cheaply"...a $50,000 surge scenario is even in play

▲ XRP/AI-generated image

An analysis suggests that XRP will not remain at its current low price for long. It is argued that if the current structure, where it is traded as a speculative asset focused on individual investors, shifts to demand from global financial infrastructure, XRP's price could be valued completely differently from its current level.

Bitcoinist reported on May 13 (local time), citing an analysis by crypto analyst BarriC, that the time to buy XRP at a low price may be running out faster than expected. BarriC noted that while XRP is currently classified as a blue-chip cryptocurrency like Bitcoin (BTC) and Ethereum (ETH), it trades at around $1.4 per unit, allowing investors to acquire a large quantity without significant burden.

BarriC presented as a key argument that the main force driving XRP's price could shift from individual investors to global banks, financial institutions, and payment networks. He explained that if XRP establishes itself as an essential asset for cross-border payments, inter-institutional settlements, and interbank transfers, the demand base would change from speculative buying to actual financial system demand.

BarriC asserted that if this shift in demand structure materializes, XRP could be re-evaluated at a much higher level, reflecting its utility within the global financial system. He projected that XRP could rise to a range of $1,000 to $10,000, and even suggested a more aggressive target of $50,000. BarriC stated, “When XRP reaches these levels, it will be game over for investors who didn't buy at low prices,” adding, “From then on, XRP will never be cheap again.”

On-chain data was also presented as evidence supporting the accumulation trend by large investors. According to Santiment, the number of whale wallets holding at least 10,000 XRP on the XRP Ledger reached an all-time high of 332,230. Santiment analysts explained that this increase in wallets has continued since June 2024, demonstrating that large investors have continued to buy and hold XRP even amid increased volatility, price drops, and negative market sentiment.

Santiment analyzed that the accumulation behavior of whale wallets indicates a trend of increasing holdings by leveraging low prices during periods of fear. According to the article, XRP was trading at $1.46 on the daily chart at the time of writing, and BarriC's argument focused on the perspective that the current price is an accumulation phase before a long-term re-evaluation.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*