Expert: Buying XRP at $2 Is Like Getting Bitcoin at $50 – Here’s Why!
XRP’s Current Price: A Strategic Investment Opportunity, Says Black Swan Capitalist Co-Founder
Aljarrah Compares XRP to Early bitcoin Investments
Versan Aljarrah, co-founder of Black Swan Capitalist, argues that purchasing XRP at its current price of $2 is akin to acquiring bitcoin when it was valued at $50 several years ago. While some market participants consider XRP’s price high compared to its historical lows around $0.50, Aljarrah believes the asset is undervalued given its significant growth potential.
He draws parallels to bitcoin‘s journey, recalling that in mid-April 2013, bitcoin was trading at approximately $50, a price many deemed excessive due to the lack of regulatory clarity surrounding the cryptocurrency. Since then, bitcoin has experienced an astronomical increase of 213,900%, reaching a current price of $107,000.
XRP Benefits from Regulatory Clarity
Aljarrah emphasizes that, unlike bitcoin during its early days, XRP enjoys a clear regulatory framework, established utility, and robust infrastructure. XRP’s primary function is in facilitating cross-border transactions. A pivotal moment came in July 2023 when Judge Analisa Torres ruled that XRP is not classified as a security in the ongoing legal battle between the SEC and Ripple, providing much-needed regulatory clarity.
Concerns Over XRP’s Market Volatility
Addressing the volatility of XRP, Aljarrah expressed concerns that certain market players may be manipulating price fluctuations to wear down retail investors. He suggests that while retail investors may be selling off their XRP holdings, institutional investors are strategically accumulating tokens, positioning themselves for the anticipated growth of tokenized financial systems.
Community Sentiment: XRP at $2 Is a Bargain
Aljarrah’s perspective resonates with a growing faction within the XRP community, which views the $2 price point as a bargain relative to its future potential. In May, a well-known community figure, BarriC, indicated that prices below $3 represent an excellent opportunity for investors to gather more XRP. BarriC has previously forecasted that investors might be willing to pay as much as $100 per XRP in the future.
He also posits that once XRP surpasses its current price levels, opportunities to purchase the asset at lower prices will diminish, with some projections suggesting potential highs of $1,000. Additionally, market analyst DustyBC has suggested that by December 2025, XRP will demonstrate that it was significantly undervalued when trading around the $2 mark.
Conclusion: A Bullish Outlook for XRP
The prevailing sentiment among XRP supporters indicates that the current price of $2 is relatively low compared to the asset’s anticipated growth. As of now, XRP is trading at $2.22, reflecting a 1.98% increase over the past day and a 1.22% rise over the past week.
Disclaimer: This article is for informational purposes only and should not be interpreted as financial advice. The opinions expressed herein are those of the author and do not necessarily represent the views of The Crypto Basic. Readers are encouraged to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.
