While many digital assets are tied to short-term market trends, some analysts take a different approach when evaluating the long-term potential of XRP. Instead of focusing on speculative trading cycles, crypto analyst BarriC (@B_arri_C) argued that XRP reaching $1000 would not be the result of a sharp rise in alternative currency prices. Instead, the analyst attributed this move to long-term growth in demand for utility services.
Distinguishing between speculation and utility is fundamental to BarriC's perspective. The rises of alternative currencies, often fueled by short-term media hype, frequently lead to sharp price increases followed by sharp corrections.
Nonetheless, BarriC believes that the true potential of XRP lies beyond these periodic price increases. The analyst sees price movements associated with utilities as more sustainable and less prone to sharp corrections.
Community reactions to rising utility prices
BarriC's post elicited mixed reactions within the XRP community. While some supported the analyst's views, others expressed concerns about the current price and the circumstances that might lead XRP to reach this high valuation.
One commentator expressed disappointment with the current price of XRP. This asset has recently undergone a significant correction and has not yet regained the support level of $3.
However, it remains optimistic, stating that even with the rise and fall of the token, it still expects positive developments in the long term, indicating that a segment of the community remains committed despite stagnant prices.
Another community member supported BarriC's assessment, noting that a rise in the altcoin season could push XRP into a range of $25 to $50. However, he also pointed out that this surge could lead to a significant collapse, potentially reaching 75%.
This differentiates it from price increases driven by the utility sector, which has only seen a slight correction, indicating that the utility sector and rising demand may provide a more stable growth path. In this context, the targeted price of $1000 is not related to speculation but to the gradual expansion of the utility sector and its adoption in the real world.
Long-term focus on the value of XRP
For XRP holders who distinguish between market cycles and structural growth, BarriC's affirmation reminds us to look beyond short-term price volatility. Other cryptocurrency experts agree with BarriC that XRP could reach $1000, and its increasing utility supports these expectations.
The utility and adoption of XRP will play a crucial role in determining its future price trajectory. While the goal of $1000 may seem far-fetched, XRP has a clear target, and many experts believe it is limitless.
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