Analyst within the XRP community, John Squire, shared his thoughts on the token's prospects, likening it to Apple ahead of the iPhone launch.
Historical Context: Apple's Growth After the iPhone
Squire asserts that XRP's current status resembles Apple before the iPhone release. The product was introduced in January 2007 and marked the beginning of explosive company growth. Previously, Apple's stock moved slowly, fluctuating between $0.06 and $1 from 1981 through the late 1990s, reaching around $3 by 2007. After the iPhone debut, Apple's stock surged over 6,800%.
CITE_W_A: "Selling XRP now is like selling Apple before the iPhone." — John Squire.
Could XRP Experience a Similar Upsurge?
Squire and XRP supporters suggest that the token may be poised for similar growth. If XRP were to replicate Apple's growth pattern from the $3 level, it could potentially exceed $200 in value. While such projections are speculative, they reflect the optimism of a significant portion of the community.
Future of XRP and Market Expectations
Several factors support this bullish outlook, including hopes for the approval of multiple XRP ETFs and discussions regarding its role in national digital asset strategies. The resolution of Ripple's legal battle with SEC has added clarity, contributing to increased interest in XRP.
While the market is volatile, an increasing number of participants are considering the long-term potential of XRP, though critics urge caution when faced with overly optimistic projections.
