BarriC, a prominent XRP enthusiast, recently shared his thoughts on how the market could react as XRP progresses towards the coveted $1,000 mark.
Known for his bold predictions within the XRP community, BarriC has consistently championed the idea that XRP will eventually reach a value in the four-digit range. Despite facing criticism from skeptics, he remains steadfast in his belief that even a $500 XRP will be considered a steal in the future.
In his most recent analysis, BarriC discussed potential reactions from the community as XRP hits key price milestones such as $1, $3, $5, $10, $100, and ultimately, $1,000.
Reactions to XRP at $1, $3, and $5
BarriC pointed out that the prevailing sentiment towards XRP, priced below $0.5, is one of frustration, with some dismissing it as a “dead coin.” This frustration stems from the fact that XRP is leading the pack of underperforming cryptocurrencies in the current bull market.
While other major cryptocurrencies like Bitcoin, Ethereum, BNB, and Solana saw significant gains in the first quarter of the year, XRP recorded a 5% loss according to Ripple’s latest quarterly report. Moreover, during the last quarter of 2023, as the bull market started heating up, XRP only managed to achieve a 7% gain, which was subsequently lost.
Despite these challenges, BarriC and other optimistic XRP supporters believe that this underperformance is only temporary. He specifically predicts that when XRP eventually hits the $1 mark it lost three years ago, the community’s response may still be dismissive.
However, as XRP approaches $3, BarriC anticipates a shift in sentiment, with skeptics starting to downplay the achievement as a “pathetic ATH.” Notably, XRP last reached its all-time high of $3.84 back in January 2018, six years ago.
When XRP reaches $5, BarriC expects skeptics to become more curious, questioning the reasons behind XRP’s continued rise.
Reactions to XRP at $10, $100, and $1,000
BarriC believes that the fear of missing out (FOMO) will not truly kick in until XRP hits $10, although he foresees critics hoping for a pullback to $3.
At the $100 price level, he argues that people will start recognizing XRP’s utility in payments and real-world asset (RWA) tokenization, leading to a surge in investment interest.
If XRP were to reach $1,000, BarriC speculates that the majority of the crypto community would consider XRP an essential asset, with some individuals saving up for an entire month just to purchase one XRP at that price.
Contrary View
While some share BarriC’s optimistic outlook, others view it as wishful thinking. In a separate discussion, an X user highlighted that three years ago, XRP reached $1.96 despite facing regulatory uncertainties and legal challenges.
Now, three and a half years later, XRP is trading at $0.48, even with regulatory clarity, relisting on major exchanges like Coinbase, and Grayscale reinstating XRP in its DLC Fund. Despite these positive developments, the price performance has been lackluster, leading to a loss of confidence in XRP for many, though some remain hopeful.
Disclaimer: This content is for informational purposes only and should not be construed as financial advice. The opinions expressed in this article are solely those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic holds no responsibility for any financial losses incurred.