Expert: Utility companies will raise the price of XRP to $1000
While many digital assets are linked to short-term market trends, some analysts take a different approach when evaluating XRP's long-term potential. Instead of focusing on speculative trading cycles, cryptocurrency analyst BarriC (@B_arri_C) argued that XRP reaching $1000 would not be the result of a sharp increase in altcoin prices. Instead, the analyst attributed this move to long-term growth in demand for utility services.
Differentiating between speculation and utility is fundamental in BarriC's view. The surges of alternative coins, often fueled by short-term media hype, frequently lead to sharp price increases followed by sharp corrections.
However, BarriC believes the real potential of XRP lies beyond these periodic price increases. The analyst sees price movements tied to utility as more sustainable and less prone to sharp corrections.
Community reactions to rising utility prices
BarriC's post sparked mixed reactions in the XRP community. While some supported the analyst's views, others expressed concerns about the current price and the conditions that could lead to XRP reaching this high valuation.
One commentator expressed disappointment with the current price of XRP. This asset has undergone a significant correction recently and has not yet regained the $3 support level.
However, she remains optimistic, stating that even with the rise and fall of the token, she still expects positive developments in the long term, indicating that a segment of the community remains committed despite price stagnation.
Another community member supported BarriC's assessment, indicating that a rise in the altcoin season could push XRP into a range between $25 and $50. However, he also noted that this rise could lead to a major collapse, possibly reaching 75%.
This distinguishes it from price increases driven by the utility sector, which has only seen a minor correction, suggesting that the utility sector and increased demand could provide a more stable growth path. In this context, the target 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 XRP's value
For XRP holders who differentiate between market cycles and structural growth, BarriC's assertion reminds us of the need to look beyond short-term price fluctuations. 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 a target of $1000 may seem far-fetched, XRP has a clear objective, and many experts believe it is limitless.