XRP community analyst Xena has raised concerns that rising token prices may outpace retail investor accessibility.
Price Increases and Accessibility Issues
XRP recently surpassed the $3 mark, reaching a price of $3.16. Xena noted that at the current growth rate, the token is becoming increasingly difficult to accumulate meaningfully without investing large sums. '$1,000 yields only about 330 XRP. At $5, it becomes too high for most - they will only hold bits of XRP,' the analyst speculated.
Investor Purchasing Power
At the current price of $3.16, $1,000 allows for the purchase of approximately 316 tokens, significantly less than a year ago when the token was around $0.48, allowing for the purchase of about 2083 XRP for the same amount. This highlights growing concerns within the community, as more individuals find it challenging to invest in XRP due to its rising prices.
Future Price Growth Predictions
Xena also stated that the token could reach $5, further limiting accessibility for average investors. She believes that if the trend continues, many potential investors will only be able to acquire small fractional amounts of the token, restricting their accumulation opportunities. This shift reflects a broader trend in the cryptocurrency market, where rising prices can marginalize smaller investors.
Xena's remarks underscore an important trend in the cryptocurrency space, where rising prices limit token accessibility for ordinary investors, potentially impacting the appeal of XRP in the future.
