XRP Could Transform Your Finances Long Before $10K, Angel Investor Says
Many XRP holders feel stagnant as rival cryptocurrencies rise. Angel investor Armando Pantoja emphasizes that aiming for XRP to reach $10,000 is unrealistic and encourages focusing on returns and practical uses. XRP needs to reach approximately $8 from its current price of $2.30 to yield significant returns, compared to Bitcoin's requirement of over $300,000 for similar gains. XRP's market cap is about 7% of Bitcoin's, allowing for more volatility with positive news. XRP has increased over 300% in the past year, outperforming Bitcoin's 50% rise. However, market trends often follow Bitcoin's lead. XRP is noted for its speed and low transaction costs, capable of settling payments in seconds and handling 1,500 transactions per second. Pantoja highlights the potential for banks to adopt XRP for cross-border transfers, which could enhance demand. Nonetheless, XRP faces legal challenges with the US SEC, creating caution among investors and larger financial entities.
