Experts Say Buying 1,000 XRP With 3000$ Is Insane—You Were Lucky to Buy Cheap
XRP commentators are highlighting how good a deal early investors got when they purchased XRP at a cheaper rate compared to its current value.
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Following XRP’s recent surge above $3, several community figures express that accumulating significant positions is becoming difficult for most retail investors.
Owning 1,000 $XRP Is Now Difficult for Many
Famous community figure James Jay ‘Six8Jay’ noted that it will be difficult for most people to acquire 1,000 XRP, currently valued at roughly $3,600. He suggested that most people lack the financial means to purchase the tokens.
Reacting, Xena emphasized that it is “insane” knowing that it costs more than $3,000 to scoop up 1,000 XRP today. She reminded early XRP buyers how fortunate they were to have purchased the token at a much cheaper rate in the past.
XRP Incredible Performance
Meanwhile, some investors reflected on how a portfolio of 1,000 XRP was initially worth $500 less than a year ago, when the price was hovering around $ 0.5.
However, XRP’s price has experienced a significant increase, climbing to $3.65 earlier today. At a unit price of $3.58, 1,000 #xrp is now worth $3,580, representing a 616% surge from its $500 valuation just a few months ago.
Based on Xena and Jay’s commentaries, a purchase of 1,000 XRP, which was once a trivial expenditure when the price was less than a dollar, now requires a budget that most casual traders cannot afford
