Strategist Reveals What Will Drive XRP Price To $100 Per Coin
XRP has opened the year on a firm footing, reversing the bearish momentum that carried it through the closing weeks of final 12 months. Interestingly, one strategist is already pushing the dialog far past near-term targets.
In a latest submit on the social media platform X, BarriC outlined a psychological roadmap that explains how XRP may finally commerce at $100 per coin. This roadmap is constructed round how investor attitudes begin to change as XRP reaches completely different value ranges, which is able to progressively flip disbelief into C and urgency.
Complacency At $2 To Quiet Regret Above $10
BarriC’s model starts with what he described as a harmful sense of consolation on the decrease finish of XRP’s value vary. Around $2 per XRP, most individuals assume they’ll all the time have entry to low-cost tokens, which removes any urgency to behave. This angle is clear in XRP’s present value motion, with the cryptocurrency trading around $2.25 and slowly grinding larger.
BarriC projected that even because the XRP value strikes again towards $3, a profitable reclaim of that degree will nonetheless fail to generate pleasure, as a result of XRP remains to be seen as atypical and straightforward to acquire.
That similar mindset, in accordance with the strategist, will carry by means of to $5, the place skepticism will begin to take over. At that stage, critics start questioning why XRP is simply at $5 whether it is really anticipated to play a significant role in the future of global finance.
However, BarriC believes the psychology will begin to change as soon as XRP pushes into double-digit territory, though not but totally. Even if XRP is trading in the $10 to $20 vary, most traders won’t all of a sudden rush in however are nonetheless extra more likely to really feel a refined sense of remorse combined with resignation.
This is the place many persuade themselves that XRP has doubtless reached its peak and that they’ve already missed the chance. BarriC describes this part as one the place folks consolation themselves with the concept not less than it wasn’t a transfer to $100.
Why $100 Becomes The Emotional Breaking Point
According to BarriC, the worry of lacking out is what’s going to finally push the worth of XRP into triple-digit territory. In his view, once XRP reaches $100, the disbelief will collapse and might be changed by frustration and urgency, particularly amongst traders who had lengthy accepted the concept such costs have been not possible.
Related Reading: XRP Price At $100 Is A liquidity Event Number, What This Means
However, that can drive latecomers to chase XRP at costs as much as fifty instances larger than its present value of $2. He prolonged this logic additional by explaining that above $100, shopping for stress would not be based mostly on pleasure alone. At $1,000 per XRP, the motivation will flip into desperation.
His most extreme projection is a $10,000 XRP. This is a degree of resignation, the place traders totally grasp how severely they underestimated XRP’s long-term significance and the size of the chance they as soon as dismissed.
