Strategist Reveals What Will Drive XRP Value To $100 Per Coin

XRP has opened the 12 months on a agency footing, reversing the bearish momentum that carried it by means of the closing weeks of final 12 months. Curiously, one strategist is already pushing the dialog far past near-term targets. 

In a latest put up on the social media platform X, BarriC outlined a psychological roadmap that explains how XRP may 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 regularly flip disbelief into C and urgency.

Complacency At $2 To Quiet Remorse Above $10

BarriC’s mannequin begins 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 may all the time have entry to low-cost tokens, which removes any urgency to behave. This perspective is obvious in XRP’s present worth motion, with the cryptocurrency buying and selling round $2.25 and slowly grinding greater.

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 means of 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 really anticipated to play a significant function in the way forward for world finance.

Nevertheless, BarriC believes the psychology will begin to change as soon as XRP pushes into double-digit territory, though not but absolutely. Even if XRP is buying and selling within the $10 to $20 vary, most traders is not going to all of the sudden rush in however are nonetheless extra prone 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 no less than it wasn’t a transfer to $100.

Why $100 Turns into The Emotional Breaking Level

In response to BarriC, the concern of lacking out is what’s going to finally push the value 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 traders who had lengthy accepted the concept such costs have been unimaginable. 

Associated Studying: XRP Value At $100 Is A liquidity Occasion Quantity, What This Means

Nevertheless, that may power latecomers to chase XRP at costs as much as fifty occasions greater than its present worth of $2. He prolonged this logic additional by explaining that above $100, shopping for stress would 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. This can be a level of resignation, the place traders absolutely grasp how severely they underestimated XRP’s long-term significance and the size of the chance they as soon as dismissed.

Featured picture from Freepik, chart from Tradingview.com