Ripple’s XRP was certainly standing out among the rest of the market. The altcoin was seen surging by 3% while most of its counterparts were drowning in the Red Sea. At press time, XRP was trading at $0.6217 following a 4% surge over the past seven days. This rise began instilling hope into the Ripple market as analysts sprung up fast to suggest that a portfolio with about 1,000 XRP could increase to $100,000.
The CEO of Alpha Lions Academy, Edo Farina rolled out an optimistic analysis for XRP investors. He highlighted how a mere investment of 1,000 XRP which is around $600 could bring life-changing wealth into the lives of investors. Farina highlighted that the $600 investment will increase to $3,840 if the asset breaks through its all-time high of $3.84. As a result, an investor’s return on investment is over six times higher.
According to CoinMarketCap, the altcoin is currently over 83% below its all-time high. The asset managed to attain this level about seven years ago. XRP’s rise to its all-time high will bring in 6x returns. But turning things around, Farina said,
“We’re not looking for a 6X—this is crypto, not real estate.”
Also Read: Ripple: How To Be a Millionaire When XRP Hits $1.5
But How Can XRP Record A Surge?
In his opinion, the present changes taking place in the global financial landscape necessitate that people purchase and keep XRP. Farina referenced a recent declaration from Russia about a substitute financial system that would bring about a new economic reality for the BRICS countries and is akin to SWIFT. He went on to say that Western nations have manipulated both SWIFT and the US dollar. Russia is therefore looking for a SWIFT substitute.
If in case the Russian government decides to embrace the Ripple blockchain, leaving the others behind, XRP will certainly receive a much-needed boost.
Also Read: Ripple: Analyst Explains How XRP Can Still Target $100 in 2025