XRP news today: XRP Investor BarriC Bullish Despite 2024 Price Stagnation

XRP investor BarriC has reaffirmed his bullish stance on the cryptocurrency, despite recent price stagnation. BarriC, who initially purchased XRP at $0.10, has set ambitious price targets for the asset, including $2, $5, $10, $20, $50, $100, and ultimately $1,000. He remains committed to holding XRP for the long term, dismissing concerns about its recent lack of upward momentum.

Over the past few months, XRP has struggled to break past the $2.30 range, frustrating many investors who had anticipated continued gains following its rally in late 2024. In April, the asset experienced a significant dip to $1.61, triggering concerns that further declines could follow. Nevertheless, the cryptocurrency rebounded, stabilizing around the $2 threshold. Despite this recovery, the price has not significantly increased, leading to heightened anxiety among holders.

In response to growing uncertainty, BarriC has reaffirmed his long-term outlook. According to him, short-term price fluctuations are not a valid reason to exit a position in an asset purchased with a long-term strategy. For him, XRP’s current valuation still represents an accumulation opportunity, not a reason for panic. He believes that a $1,000 investment at $0.10 would grow to $1 million if XRP were to reach $100 per token. Based on this outlook, he continues to advise other XRP investors to maintain a long-term perspective rather than reacting to short-term price stagnation or market corrections.

BarriC believes XRP could reach prices as high as $500 or even $1,000 per token by 2033. While these targets may appear overly optimistic to some, he remains firm in his projections, claiming that current prices will eventually be seen as low in retrospect. Industry analysts, however, are more conservative in their expectations. According to the analyst's forecast, XRP could reach $500 by 2040, requiring up to 15 years of growth. The firm does consider $1,000 a possible long-term goal, though not likely before the late 2030s. Meanwhile, independent analysis presents an even more cautious outlook, with a projected maximum of $160 by 2040 and $285 by 2050.

Despite differing market projections, BarriC’s message to the XRP community remains consistent; he plans to remain invested for the long haul and encourages others to focus on the bigger picture, not just temporary market conditions. He advises other XRP investors to maintain a long-term perspective rather than reacting to short-term price stagnation or market corrections.