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A market expert suggests that investors who have accumulated up to 10,000 XRP tokens may not understand how free they’ll be.
Edoardo Farina, XRP community figure and founder of Alpha Lions Academy, suggested this while speaking on XRP’s future prospects. Notably, at the time of his disclosure, XRP traded above $3. Today, the token has slipped toward the lower end of the $2 region, but there could be a silver lining.
10,000 XRP Could Lead to Financial Freedom
Farina, who has persistently maintained a bullish stance around XRP, further confirmed his sentiment in a post on X months back. According to Farina, market participants who have managed to accumulate up to 10,000 XRP sit in a unique position among crypto investors.
“It’s hard to understand how free you’ll be,” the market pundit insisted. Farina’s commentary stems from his confidence in XRP’s long-term outlook, as he has persistently suggested that XRP remains undervalued at its current price levels. The pundit expects XRP to reach greater heights, making these 10,000 tokens worth enough to make holders financially “free.”
Interestingly, data from the XRP Rich List indicates that only a few investors hold up to 10,000 tokens, indicating how premium this tier is. Specifically, only 182,951 wallets hold between 10,000 and 25,000 XRP tokens. With XRP currently boasting 7.396 million existing wallets, this number translates to 2.47% of all addresses.
Most addresses, about 6.037 million or 81% of the total, hold from 0 to 500 tokens. This confirms that while over 7.3 million wallets hold XRP at press time, there is still an opportunity for most of these addresses to amass more tokens at discounted prices, especially considering XRP’s current position.
Opportunity for Discounted Purchases?
Since Farina’s disclosure, XRP has dropped 36.5% to the current price of $2.02. However, some experts regard these low prices as accumulation opportunities. For instance, last month, R2CTrading suggested that the ongoing XRP downtrend presented an early “black Friday” opportunity for investors.
This makes sense, considering how much lower it would take investors to procure 10,000 XRP today compared to earlier this year. Specifically, at the current price of $2.03, anyone looking to amass 10,000 XRP would spend $20,300. At the time of Farina’s disclosure, the cost was $32,000, about $11,700 more.
If Farina’s bullish outlook does play out, especially the $100 target, market participants who buy XRP at current prices would only be amassing the token for less, potentially reaping higher gains. However, rallies to higher targets are not a guarantee for XRP. As a result, investors should not regard this as investment advice.
Despite the uncertainty, multiple analysts remain bullish, with EGRAG Crypto repeatedly targeting the $27 mark. Notably, the launch of XRP ETFs, which have attracted over $974 million in inflows over 20 consecutive days of positive capital flows, has bolstered this confidence. In addition, Ripple just recently received conditional approval for its U.S. bank charter, leading to positive sentiments.