"Not much time left to buy XRP cheaply"...Even a $50,000 surge scenario is being activated

▲ XRP/AI-generated image

An analysis suggests that XRP will not remain at its current low price for much longer. The argument is that if the current structure, where XRP is traded as a speculative asset primarily by individual investors, shifts to demand from global financial infrastructure, XRP's price could be valued entirely differently from its current level.

Bitcoinist reported on May 13 (local time), citing an analysis by cryptocurrency analyst BarriC, that the time to buy XRP at a low price may be shrinking faster than expected. BarriC noted that although 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 large quantities relatively easily.

BarriC presented the potential shift of XRP's price drivers from individual investors to global banks, financial institutions, and payment networks as a key basis. He explained that if XRP establishes itself as an asset required 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 change in demand structure materializes, XRP could be re-evaluated at a much higher level, reflecting its utility within the global financial system. He foresaw XRP rising to a range of $1,000 to $10,000, and presented an even 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 lower 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 continued to buy and hold XRP despite increased volatility, price drops, and negative market sentiment.

Santiment analyzed that the accumulation behavior of whale wallets indicates a trend of increasing holdings by taking advantage of 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 focuses on the perspective that the current price is an accumulation phase before a long-term re-evaluation.

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