XRP Heading to a Price Where Most People Will Only be Able to Afford Dust: Expert

robot
Abstract generation in progress

A notable XRP market commentator has suggested that XRP will rise to a price level where most investors would only be able to afford “dust of the token.”

This commentary came from Xena, a community pundit that has continued to express her confidence in XRP’s price prospect. Notably, XRP recently spiked above the $3 mark after attempting to breach the level for several months. On the back of this feat, Xena called attention to how much XRP $1,000 could get.

$1,000 Can Only Get 315 XRP Now

However, this was not the case just a year ago. Moreover, a $1,000 investment would have procured much more tokens, as Xena implied. For context, in July 2024, XRP traded for around $0.48. At this price, an investor could amass around 2,083 XRP with $1,000. Today, this figure has reduced to 315 XRP.

Most People Would Only be Able to Afford “Dust”

Xena believes the figure will continue dropping, essentially predicting XRP price to see consistent gains. According to her, at a $5 price, which represents a mere 57% rise from the current price, most investors would already find it “dramatically too high” to buy XRP

She suggested that as a result of this, these investors would only settle for “dust of the token,” referring to fractional ownership. Notably, this is the trend that occurred with Bitcoin. A decade ago, in July 2014, $1,000 could buy 4 BTC as Bitcoin traded around $250. Now, the $1,000 would only be able to afford 0.008 BTC, essentially a fraction or “dust.”

Xena sees this happening with XRP. She noted that unless one is wealthy and can afford to commit higher amounts toward investments, XRP is heading toward a level where investors will see it as a pricey asset especially if they’re aiming to amass up to 1,000 tokens.

XRP-0.32%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)