Bitcoin continues to show strength in the market, as the asset recently surged to a new all-time high. This move has brought high hopes for the altcoin market, including XRP, which has yet to reclaim its all-time high of $3.84. Steph Is Crypto (@Steph_iscrypto), a major influencer on X, asked his followers: "You wake up and the price of #XRP is $20. What will you do?"
Such a move would mark a significant shift in market valuation and investor sentiment. The post quickly garnered attention in the XRP army, with many sharing their optimism for the asset and their potential first actions after witnessing such a price move.
XRP Army Shares Their Reactions
The feedback from the XRP community is quite diverse, although many are based on long-term beliefs. Some users emphasize sticking to their positions rather than cashing out. One simply said he would "just grab a beer and HOLD," while another commented, "Keep holding, lol, why wouldn’t I?" indicating he views XRP as a long-term asset with plenty of room for growth.
Experts continuously endorse this strategy, with a prominent CEO calling selling XRP like "throwing away a winning lottery ticket." XRP has shown significant growth over the years, and long-term holders have always benefited the most.
Others have a more strategic stance. One user stated that he would "sell 30,000 XRP and take a month off," indicating a willingness to take profits while still maintaining a significant stake.
High Expectations for XRP
Some community members argue that a price of $20 is too low to sell. XRP Avenger, a respected community member, revealed in early 2024 that while 98% of holders would sell at a price between $10 and $50, he is waiting for the asset to surpass $100 before selling.
One commenter took this belief further, stating he would welcome the asset's growth if it hit $20, and then continue to wait until it reached $1,000. These reactions highlight high expectations in certain segments of the community, who have long believed XRP is undervalued.
While the influencer's question is speculative, the responses reflect people's confidence in the asset, various plans, and strategies. Some are ready to take profits, while others remain committed to holding indefinitely.
XRP is currently trading at $2.46. While some dismiss the idea of rising to $20, experts have set targets above $1,000 for this digital asset, and its tremendous potential in the global financial system could help it achieve these goals.