Strategist Reveals What Will Drive XRP Price To $100 Per Coin
XRP has opened the yr on a agency footing, reversing the bearish momentum that carried it by the closing weeks of final yr. Curiously, one strategist is already pushing the dialog far past near-term targets.
In a current publish on the social media platform X, BarriC outlined a psychological roadmap that explains how XRP might ultimately commerce at $100 per coin. This roadmap is constructed round how investor attitudes begin to change as XRP reaches completely different worth ranges, which can progressively flip disbelief into C and urgency.
Complacency At $2 To Quiet Remorse Above $10
BarriC’s model starts with what he described as a harmful sense of consolation on the decrease finish of XRP’s worth vary. Round $2 per XRP, most individuals assume they’ll at all times have entry to low cost tokens, which removes any urgency to behave. This angle is obvious in XRP’s present worth motion, with the cryptocurrency buying and selling round $2.25 and slowly grinding larger.
Associated Studying
BarriC projected that even because the XRP worth strikes again towards $3, a profitable reclaim of that stage will nonetheless fail to generate pleasure, as a result of XRP continues to be seen as bizarre and straightforward to acquire.
That very same mindset, in keeping with the strategist, will carry by to $5, the place skepticism will begin to take over. At that stage, critics start questioning why XRP is barely at $5 whether it is actually anticipated to play a significant role in the future of global finance.
Nonetheless, 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 buying and selling within the $10 to $20 vary, most buyers won’t all of the sudden rush in however are nonetheless extra more likely to really feel a refined sense of remorse blended with resignation.
That is the place many persuade themselves that XRP has seemingly reached its peak and that they’ve already missed the chance. BarriC describes this section as one the place folks consolation themselves with the concept not less than it wasn’t a transfer to $100.
Why $100 Turns into The Emotional Breaking Level
In accordance with BarriC, the concern of lacking out is what’s going to finally push the worth of XRP into triple-digit territory. In his view, as soon as XRP reaches $100, the disbelief will collapse and will probably be changed by frustration and urgency, particularly amongst buyers who had lengthy accepted the concept such costs have been unattainable.
Associated Studying: XRP Price At $100 Is A liquidity Event Number, What This Means
Nonetheless, that can pressure latecomers to chase XRP at costs as much as fifty occasions larger than its present worth of $2. He prolonged this logic additional by explaining that above $100, shopping for stress would now not be primarily based on pleasure alone. At $1,000 per XRP, the motivation will flip into desperation.
His most excessive projection is a $10,000 XRP. It is a level of resignation, the place buyers totally grasp how severely they underestimated XRP’s long-term significance and the dimensions of the chance they as soon as dismissed.
Featured picture from Freepik, chart from Tradingview.com
