Edo Farina, CEO of Alpha Lions Academy, recently shared insights on how holding 20,000 XRP could significantly impact investors’ lives if the cryptocurrency reaches a new all-time high.
In a video posted on X, Farina addressed ongoing speculation surrounding XRP’s future price. He argued that price predictions based solely on technical analysis (TA) lack substance. Instead, he believes that XRP’s value will be driven by its real-world utility and broader adoption, rather than chart patterns.
The Potential of Holding 20,000 XRP
Farina highlighted the importance of holding 20,000 XRP, illustrating what it could mean for investors. He suggested that even a conservative price estimate of $5 per XRP would translate to a $100,000 investment. This could elevate investors to the top wealth tiers, especially considering today’s economic climate, where significant savings are rare.
With XRP currently priced at around $0.599, acquiring 20K XRP would require an investment of approximately $11,980.
XRP’s Game-Changing Potential
Farina also emphasized XRP’s potential as a game-changer, particularly as a bridge currency for cross-border payments. He noted that XRP’s ability to settle transactions in just three seconds makes it highly appealing for financial institutions seeking to streamline operations and reduce reliance on traditional nostro and vostro accounts.
However, Farina cautioned that the quick settlement times might reduce the need for institutions to hold large amounts of XRP, which could potentially limit long-term price growth. Despite this, he pointed out that lower circulating supply could drive prices up if demand increases.
For XRP to reach a new all-time high, Farina believes several factors must align. These include widespread adoption by financial institutions and central banks, as well as Ripple’s efforts to position XRP as a replacement for traditional accounts. Capturing even a small portion of SWIFT transactions could, according to Farina, propel XRP’s value well beyond $100.
While Farina acknowledges the difficulty in predicting exact price movements, he remains optimistic about XRP’s potential. He advises investors to focus on XRP’s fundamentals and real-world applications, rather than speculative TA, which he considers largely “clickbait.”
Disclaimer: This content is for informational purposes and should not be taken as financial advice. The views expressed are the author’s own and do not represent The Crypto Basic’s opinions. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.