$8 XRP Looks Impressive—But This Analyst Remains Cautious

Individuals anticipating XRP to hit $8 by the end of the year might need to reconsider this outlook, according to a notable figure within the community.

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XRP analyst Xena questions the significance of a rise from approximately $2.31 to $8, suggesting that those aiming for this target may be underestimating the coin’s potential.

This serves as a reminder that while progress appears to be made, many regular holders are still awaiting a major breakthrough.

Xena Questions the $8 Target

Xena believes that breaking the $8 mark would be notable, yet it does not meet the “transformative” expectations that have been discussed for years. She highlights that other cryptocurrencies have surged from under $1 to prices in the double or triple digits in a short span.

XRP has not experienced a similar surge. She poses the question, “What makes XRP exceptional if the target is merely $8?”

Potential for Significant Gains Among Large Holders

Current reports indicate that XRP is valued at $2.31, reflecting a slight decrease of 1.1% in the last 24 hours, and it remains over 45% below its peak historical price. An increase to $8 would represent an approximate 240% increase.

This gain is substantial. For instance, an investment of $60,000 could potentially rise to over $206,000. A holder with $300,000 today could exceed $1 million, representing significant returns for those willing to invest heavily.

Smaller Investments Yield Modest Returns

Conversely, retail investors with smaller holdings will see less impressive growth. Over five million XRP wallets hold around $1,000 worth of the asset.

At the $8 price point, these portfolios would increase to nearly $4,000—a positive return, though insufficient to purchase a new home or eliminate student debt. For many, it’s a solid profit, but not life-changing.

Aspirations for $1,000 Prices

Some in the XRP community dream of seeing XRP reach $1,000. In this scenario, a $1,000 investment today could be worth approximately $500,000.

According to Matthew Brienen, a professional at CryptoGuard, achieving such figures could require ten years or longer. This timeline places high expectations firmly within the long-term aspiration category.

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A critical observation from Xena’s analysis is the influence of content creators on market expectations. Many YouTubers and influencers have acquired substantial XRP holdings and fostered financial support through their channels.

These personalities may promote the $8 target to generate excitement, but for their own investments, it may not be as impactful. Meanwhile, everyday holders, who have persisted through legal challenges, continue to hope for a significant movement that genuinely transforms their financial situation.