The analyst outlines market reactions to key price targets

BarriC, a pro-XRP commentator, recently discussed potential market reactions to XRP at various price levels on its anticipated journey to $1,000.

As one of the most ambitious voices in the XRP community, BarriC has consistently argued that the asset will eventually reach four-digit values. Despite criticism from skeptics, he believes that, in hindsight, even a $500 XRP will be seen as a bargain.

In his latest commentary on

Reactions for XRP at $1, $3 and $5

BarriC noted that the current sentiment towards XRP at its sub-$0.5 value is one of frustration, with some labeling it a dead coin. This frustration is fueled by this XRP leads the ranking of crypto assets underperforming in this bull market.

For example, while Bitcoin, Ethereum, BNB and Solana posted gains of around 50% in the first quarter, XRP posted a loss of 5%, according to Ripple’s latest quarterly report. relationship. Furthermore, in the last quarter of 2023, when the bull market frenzy began, XRP only recorded a 7% gain, which it subsequently lost.

Nonetheless, BarriC and other optimistic XRP enthusiasts believe this underperformance is temporary. In particular, he predicts that when XRP eventually recovers the $1 price it lost three years ago, community reaction will likely remain dismissive.

However, according to the expert, reactions may change slightly once it reaches $3. BarriC believes that dismissive voices will begin to argue that $3 is a “pathetic ATH” instead of recognizing the feat. In particular, XRP reached its all-time high of $3.84 in January 2018, six years ago.

When XRP reaches $5, BarriC predicts that skeptics will become more curious, wondering why XRP continues to rise.

Reactions to XRP at $10, $100 and $1,000

BarriC believes that the fear of missing out (FOMO) it won’t really kick in until XRP hits $10, although it gets ahead of critics hoping for a pullback to $3.

At the $100 price level, he argues that people will begin to recognize XRP’s utility in payments and tokenization of real-world assets (RWA), leading to greater investment interest.

Finally, if XRP hits $1,000, BarriC speculates that most of the crypto community will see XRP as an essential asset, with people saving up all month to buy an XRP at that price.

Opposite view

While some people share this view, others consider it wishful thinking. In a separate discussion, a user highlighted that three years ago, XRP reached $1.96 despite lack of regulatory clarity and involvement in a lawsuit.

Now, three and a half years later, XRP is at $0.48, even with US court clarity, put back on sale on major exchanges like Coinbase and Grayscale resetting XRP in its DLC fund.

Despite these positive developments, price performance has been disappointing. As a result, many have lost faith in XRP, although some maintain a sense of optimism.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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