Analyst Outlines Market Reactions at Key Price Milestones

BarriC, a pro-XRP crypto commentator, recently discussed potential market reactions to XRP at various price milestones on its anticipated journey to $1,000.

As one of the most ambitious voices in the XRP community, BarriC has consistently maintained that the asset will eventually reach four-digit values. Despite facing criticism from skeptics, he believes that, in hindsight, even a $500 XRP will be seen as a bargain.

In his latest commentary on X, he outlined potential community reactions as XRP reaches strategic price points such as $1, $3, $5, $10, $100, and $1,000.

Reactions for XRP at $1, $3 and $5

BarriC noted that the current sentiment towards XRP at its value below $0.5 is one of frustration, with some labeling it a dead coin. This frustration is fueled by the fact that XRP leads the rank of underperforming crypto assets in this bull market. 

For instance, while Bitcoin, Ethereum, BNB, and Solana saw gains of about 50% in Q1, XRP registered a 5% loss, according to Ripple’s latest quarterly report. Additionally, in the last quarter of 2023, as the bull market frenzy began, XRP only saw a 7% gain, which it subsequently lost.

Despite this, BarriC and other optimistic XRP enthusiasts believe this underperformance is temporary. He particularly predicts that when XRP eventually reclaims the $1 price point it lost three years ago, the community’s reaction will likely remain dismissive.

However, according to the pundit, reactions might shift slightly upon reaching $3. BarriC believes dismissive voices will begin arguing that $3 is a “pathetic ATH” rather than acknowledging the feat. Notably, XRP last reached its ATH of $3.84 in January 2018, or six years ago.

By the time XRP hits $5, BarriC expects skeptics to become more inquisitive, questioning why XRP continues to rise.

$XRP at $0.51 = frustration, it’s a joke, it’s dead$XRP at $1 = ???? it’s only $1?! Let me buy more meme coins$XRP at $3 = pathetic ATH $XRP at $5 = confusion from the masses. Why is it starting to move?$XRP at $10 = FOMO starts manifesting, people will still be in denial…

— BarriC (@B_arri_C) June 13, 2024

Reactions to XRP at $10, $100, and $1,000

BarriC believes that the fear of missing out (FOMO) will not truly set in until XRP reaches $10, though he anticipates critics hoping for a pullback to $3.

At the $100 price level, he argues that people will start recognizing XRP’s utility in payments and real-world asset (RWA) tokenization, leading to increased investment interest.

Finally, if XRP reaches $1,000, BarriC speculates that most of the crypto community will view XRP as an essential asset, with people saving up all month to buy one XRP at that price.

Opposing View

While some people share this view, others consider it wishful thinking. In a separate discussion, an X user highlighted that three years ago, XRP reached $1.96 despite lacking regulatory clarity and being embroiled in a lawsuit. 

Now, three and a half years later, XRP is at $0.48, even with U.S. court clarity, relisting on major exchanges like Coinbase and Grayscale reinstating XRP in its DLC Fund. 

Despite these positive developments, the price performance has been underwhelming. Consequently, many have lost confidence in XRP, although some retain a sense of optimism.