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 
with as few coins as possible. In line with this, BarriC declared that a $2 
XRP price tag doesn’t solve global liquidity, and neither does a $5 or $10 
price solve institutional settlement. BarriC also mentioned that price stops 
negotiating with retail once an asset becomes required, and that the price 
adjusts to scale accordingly. The pundit suggested that XRP will need to reach 
at least $1,000 to become fit for institutional use. He also indicated that 
the token could reach $10,000 and $50,000 as it continues to scale. In another 
X post, he said that an XRP rally to between $2 and $10 is just the beginning, 
while a rally to between $100 and $1,000 is the start of the shift from retail 
to adoption. He further remarked that a rise to between $1,000 and $10,000 
marks the point at which adoption becomes a necessity. Meanwhile, a rally 
between $10,000 and $50,000 is where XRP exists within the global financial 
infrastructure. Former Ripple CTO Casts Doubt Over The Altcoin Reaching 
$10,000 Former Ripple CTO David Schwartz previously addressed speculation 
about a potential XRP rally to $10,000, suggesting it was impossible. In an X 
post, he stated that if there were a few very rich and rational people who 
believed that there was a 1% chance that XRP could reach $10,000 in years, 
they would have bid it up to at least $20. Related Reading: Ripple’s Eyes $5 
Trillion Master Account, What This Would Mean For XRP Crypto pundit Pumpius 
reacted to the post, noting that the former Ripple CTO dropped $20 as the 
rational bid for XRP believers while he sold his ETH around $1. He added that 
applying the 2,300x ETH multiple to the $10 tag could mean that XRP could 
reach $46,000. At the time of writing, the XRP price is trading at around 
$1.46, up in the last 24 hours, according to data from CoinMarketCap. Featured 
image from Adobe Stock, chart from Tradingview.com

‘XRP Was Never Designed To Be Cheap,’ So What Is Its Real Value?

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‘XRP Was Never Designed To Be Cheap,’ So What Is Its Real Value?

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