Shows two stands selling $SOL (Solana) â one with a price of $200 without a line, and another at $1,000 full of people waiting to buy.
The message is clear: Most investors ignore opportunities when prices are low and only rush in once the hype and FOMO (fear of missing out) take control â often when the asset is already overvalued.
A perfect reminder: Smart money buys when it's quiet. Crowd money buys when it's noisy.
$XRP John Squireâs recent X post captured attention across the crypto community with a bold headline and an even bolder claim: XRP could one day reach $2,500. In a video clip accompanying the post, Squire and his guests break down the economic and technical conditions that would need to align for such a price to become reality. âšA Finite Supply That Cannot Be Expanded Central to their discussion is XRPâs fixed maximum supply of 100 billion tokens, all created when the network launched in June 2012. Unlike Bitcoin, there is no ongoing mining, and unlike many other digital assets, no new XRP can ever be minted. The speaker stresses, âThey canât. Itâs closed with one hundred billion,â highlighting that the original creation account was dismantled and cannot be reactivated. This hard cap underpins arguments for long-term scarcity. Roughly 59â60 billion XRP are currently in circulation, with a significant portion held in Rippleâs monthly time-locked escrow, adding further predictability to the supply schedule.
âšDaily Token Burns and Incremental Deflation Another point raised is the deflationary mechanism built into the XRP Ledger. Each transaction incurs a minor fee thatâs permanently removed, gradually shrinking the overall supply. Todayâs network data indicates just a few thousand XRP are burned daily â a small proportion, yet consistent downward pressure. âšMacroeconomic Forces and Global Demand The speaker stresses that scarcity isnât the sole driver of price. âThere are global macroeconomic events that need to work for that supply shock to make room for pushing it towards that value,â one explains. XRP hitting $2,500 would likely require a combination of massive adoption in cross-border payments, substantial institutional liquidity, and a global uptick in on-ledger transactions. At a circulating supply near 59 billion tokens, such a price would imply a market capitalization well above $140 trillion, far exceeding todayâs entire cryptocurrency market and rivaling the largest global asset classes. âšA Headline With a Checklist While the $2,500 figure is provocative, Squireâs video stands out because it couples speculation with measurable indicators: controlled escrow releases, continual token burns, and real economic demand. These metrics offer tangible data for analysts to track, moving beyond mere speculation. Whether or not XRP ever approaches such astronomical levels, John Squireâs post invites the community to focus on fundamentalsâimmutable supply, deflationary dynamics, and macroeconomic adoptionâbefore entertaining any dramatic price target. If that improbable milestone is ever reached, the framework Squire outlined will be a key reference point.
I bought $SOL at $183 (spot) and I'm down $10,000 after a major drop. I'm really stressed and not sure what to do next. Any advice from experienced traders would be greatly appreciated. đąđ
It is demonstrating how difficult it is to arrive. That figure of 5
Tradingguro
--
Is XRP Getting Ready to Jump to $5?
$XRP has dropped about 13% from its highest price this year, but the charts and strong fundamentals suggest it might soon shoot up towards $5. Strong Chart Pattern Forming Since January, XRPâs daily chart has been forming a âcup and handleâ pattern â a well-known bullish signal. The âcupâ goes from $1.61 in February to $3.40 at the top. Now, XRP is in the âhandleâ stage, which usually comes before a breakout. Inside the handle, thereâs also a smaller âinverted head and shouldersâ pattern, another sign of possible upside. The price is holding above the 50-day and 100-day moving averages, showing that buyers are still in control. If XRP can break above $3.65 (this yearâs high), the next target could be $5. However, if it falls below $2.73, the bullish outlook would be in danger. XRP Ledger Growth The XRP Ledger is also performing well. In the last 30 days, the total value locked has grown 16% to $85 million. Stablecoins on the network have risen to $167 million, driven by Ripple USD (RLUSD), which has grown to $642 million in supply this year. Ripple is also working on bringing Hidden Road transactions to the XRP Ledger and could use its new Rail acquisition to boost its stablecoin plans. XRP ETF Could Be the Big Trigger A big potential driver is the possible approval of an XRP ETF by the U.S. SEC. The SEC Chairman, Paul Atkins, supports cryptocurrency and may approve pending XRP ETF applications soon. This could bring billions of dollars into XRP by late 2024 or 2025. Recent XRP ETFs from ProShares and Teucrium have already attracted millions, and if spot ETFs are approved, the growth could be even bigger. $XRP {future}(XRPUSDT) #DeFiGetsGraded
I bought $SOL at $183 (spot) and I'm down $10,000 after a major drop. I'm really stressed and not sure what to do next. Any advice from experienced traders would be greatly appreciated. đąđ
{spot}(SOLUSDT)
Login to explore more contents
Explore the latest crypto news
âĄïž Be a part of the latests discussions in crypto