By cryptoadmin XRP group determine Edo Farina not too long ago urged that holding a number of XRP tokens might result in monetary freedom.
In a put up on X, Farina argued that holding simply 1,000 XRP tokens is likely to be among the finest monetary choices one might make of their lifetime.
“Holding simply 1,000 XRP is likely to be one of the best monetary determination of your lifetime,” he wrote. As of now, XRP is buying and selling at $2.33 per token, giving these holding 1,000 XRP a complete worth of $2,400. Nevertheless, Farina’s message carries a deeper that means.
Why Holding 1,000 XRP Is Seen as Essential for Monetary Freedom
Farina means that crypto traders holding 1,000 XRP or extra are in a greater place to attain monetary success as the worth of XRP will increase.
For instance, if XRP reaches $100 per token, 1,000 tokens could be price $100,000. This quantity might function a considerable sum for retirement for some, particularly when in comparison with somebody holding simply 100 XRP tokens.
In a number of posts, Farina has emphasised the necessity for XRP holders to keep away from holding fewer than 1,000 XRP tokens of their portfolios. Simply final week, he tweeted that these holding fewer than 1,000 XRP ought to deal with rising their revenue streams with the intention to consolidate their holdings to the 1,000-token mark, which he views at the least requirement.
Notably, Farina is named probably the most bold XRP lovers. He has been vocal about his perception that XRP might sometime attain a worth of $10,000 per token. He has offered arguments for why he believes this worth is inevitable sooner or later.
On this situation, wallets holding 1,000 XRP might doubtlessly be price $10 million—an quantity enough for many individuals to retire. Whereas that is speculative, it types a part of the reasoning behind Farina’s continued push for holders to maintain not less than 1,000 XRP tokens.
Don’t Promote XRP Too Early, Even at $20
Given this outlook, Farina has warned that promoting XRP at $10 or $20 might result in monetary regrets. He compares such actions to promoting Bitcoin at $500 years in the past and lacking out on the wealth that would have been accrued from Bitcoin’s present worth, which is above $90,000.
Nevertheless, different market commentators disagree with this proposition. Some view the $10,000 worth goal as overly optimistic, whereas others consider that $20 per XRP could be an affordable level to take earnings.