I bought my first 500 XRP yesterday and plan to DCA while these prices are low. I am aiming to get to 5000 and plant to hold till 2024 at least.
I don’t know too much about XRP to be honest but it seems to be getting a lot of news lately and I just watched a video of some guy saying it can reach $200 by 2030.
This sounds way over the top to me , that would make it over a 500x from current price so just wondering if this is realistic? Be interesting to hear arguments for and against this price prediction.
If someone could explain what is currently going on with XRP lately and why it is in the news so much?
In this day and age it is normal to educate ourselves based on what we read or watch on our own, however it is also important to contrast the opinions we listen to as it is incredibly easy for some guy to predict whatever they want on the Internet, but that does not mean that it will become true.
The ATH of XRP was reached 4 years ago and it was only close to 4 dollars, so it would need to do a 50X from its ATH and this is not possible, also during the previous 4 years XRP has lost a lot of ground against its previous competitors which were BTC and ETH, so I find it difficult to believe XRP will even grow at the same rate than those two coins which will make it to lose even more positions in the market cap ranking, so if I were you I will never hold XRP for the long term.