An XRP community figure has suggested that when XRP skyrockets to higher prices, it won’t make a difference what price he procured it today.
Over the past few weeks, XRP has been fluctuating between $2.2 and $2.6,lookingto recover fromtheOct.
10market dump.After soaring to $2.69 on Monday,Oct.27, XRP has corrected tothecurrent price of $2.55on the back ofthree intraday losses.
While XRP’s market cap has lost over $8.2 billion fromtheMonday peak, its unit price hasonlydropped bya mere$0.14.Interestingly, software developer and XRP community figure Vincent Van Code recently argued that these price fluctuations should not deter long-term investors.
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A $0.6 Price Difference Won’t Matter if XRP Hits $100
Notably, for daily traders, these price movements make a lot of difference, depending on entry and exit prices, as well as their trade bias.However, Van Code’s recentcommentindicatesthat investors who purchase XRP to hold for the longrunshould notshow much concernabout theseminuteprice differences.
According to him, he used to complain about having to buyXRP at $0.80because he had previously bought it for $0.20 or less.
At the time, the higher price felt frustrating to him, as though he was overpaying compared to his earlier purchases.
For context, XRP, which tradedforas low as $0.2095 in January 2021, eventuallycost ashighas$1.96 by April 2021.Its price also dropped to a low of $0.29 in June 2022 following the Terra collapse.
However, by July 2023, investors had to pay a whopping $0.92 for 1 token.
Today, XRP costsas much as$2.55.
Van Code confirmed that paying such higher prices for an asset hebought lowermonths or yearsbackwas concerning to him.However, he realized that in the long run, small differences in price,likepaying $0.20 versus $0.80, would become insignificant if XRP’s value eventually rose tosomething massivelike $100.
Could XRP Reach $100?
The pundit’s confidencecomesfrom the optimism that XRP could reach higher pricesthat would makewhatever price one pays today irrelevant.For instance, in 2011, Bitcoin (BTC) fluctuated between $3 and $12.
Now that it changes hands for $110,000, most investors would not see much difference between buying it for $3 or $12 back in 2011, as long as they did purchase it.
Van Code believes a $100 price for XRP is plausible, and if itdoes materialize, it won’t matter whether an investor bought it at thelowsof $2.18 on Oct.
17 or the current price of $2.55.Specifically, if you invested $50,000 into XRP at $2.18, you’d have 22,935 tokens.
However, if you bought at $2.55, you’d procure 19,607 XRP.
Should the $100 prediction play out, the 22,935 tokens (bought at $2.18) would be worth $2.29 million, while the 19,607 tokens (bought at $2.55) would have a value of $1.96 million.
Essentially, both investments would yield millions for their respective holders.
Nonetheless, the onus rests on XRP reaching $100, which, althoughmost analysts believe could happen, remains uncertain.
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