‘XRP Was Never Designed To Be Cheap,’ So What Is Its Real Value?
Crypto pundit BarriC has declared that XRP was never designed to be cheap, given its projected utility among institutional players. He also indicated that the altcoin could reach at least $1,000 as it continues to gain greater adoption among these institutions. Crypto Pundit Says XRP Not Designed To Be Cheap In an X post, BarriC stated that XPR was never designed to be cheap and that it was designed to move institutional value. He gave an example of how a larger amount of XRP will be needed if an institution wants to execute a $1 million cross-border transaction. Specifically, he mentioned that such a transaction would require 200,000 XRP at $5 per XRP, whereas it would require only 20 XRP if the altcoin were trading at $50,000 per coin. Related Reading: XRP At $21.5 Isn’t A Bet: Why This Analyst Says A Measured Move Is Coming The pundit further remarked that while retail hopes that XRP will remain at a lower price, institutions are looking at how they can move billions of dollars wi