Analyst Edoardo Farina warns about rising prices of XRP tokens and the potential inaccessibility for most average investors.
Current XRP Value
Currently, 10,000 XRP tokens are valued at $22,300, making them accessible to many investors. However, the current price of $2.23 per token is predicted to rise significantly, potentially pricing out most market participants.
Price Predictions and Accessibility
Edoardo Farina believes that tokens may reach a price of $100, making 10,000 tokens unattainable for the majority of investors. He refers to this as the 'accessibility window' that might close soon. He calculates that an average U.S. salary earner would need to save for fifteen years without spending income to afford 10,000 XRP at $100.
Bitcoin Comparison
Farina compares the current situation with Bitcoin's history, where in 2013, 10 BTC cost $11,000, which was also within reach. However, as Bitcoin prices rose, such accessibility faded. Today, 10 BTC are worth $1.05 million, and Farina predicts that XRP could follow a similar trajectory.
The comparisons with Bitcoin and the current price trends stress the need for investors to pay attention to the timing of their investments in assets like XRP, as prices can quickly become unattainable for most.