Over 72% of all investors believe that XRP will reach $100

October 12, 2020 Editor Ripple 0

Source: Travis Wolfe

  • According to a survey of XRP investors, 72.4% believe that the cryptocurrency will reach a price of USD 100 in the future.
  • A whopping 82% said they would not exit their XRP investment below USD 10.

A new survey on Twitter, recently conducted by XRP_Cro among over 1,000 members of the XRP community, shows that the majority of investors believe that the XRP price will rise to over $100 despite the rather below average performance in the past two years. A substantial majority of 72.4 percent of survey participants believe that the XRP price will reach $100 at some point in the future.

Also interesting is the result that 68% percent of XRP owners invested “to get rich”, only just under 15% each bought it as a means of payment or because “they love new technologies”. It is also remarkable that XRP holders have “strong hands”. Thus, 94.3% of the survey participants stated that they are long-term investors, only 5.7% are traders.

Furthermore, only 43% of them are willing to partially or completely exit the market if XRP would reach a price of $100 in the years 2021 to 2025. 39.1% would exit at a price between $10 and $50 , which means that 82% do not want to exit their XRP investment below $10.

This percentage is surprisingly high when you consider that XRP is currently more than 92% below its all-time high of USD 3.31 and that 44.1% of the holders are still sitting on losses. In view of this, it is also surprising that a full 42.9% are “all-in” in XRP and are not invested in any other cryptocurrency. In contrast, 44.3% of the respondents stated that XRP accounts for 30-50% of their crypto portfolio.

In terms of the amount of investment, 77.3% own at least 10,000 XRP, with 50.7% having between 10,000 and 50,000 XRP and 26.6% having over 100,000 XRP. Furthermore, the second most popular cryptocurrency among XRP investors is VeChain (VET). Over 60% hold VET, followed by Cardano (27%) and Stellar Lumens (14%). Only 4.1% own Ethereum (ETH).

Another result of the survey also shows that the vast majority of XRP Army considers Ripple CTO David Schwarz (62.4%) as their preferred employee, followed by Ripple CEO Brad Garlinghouse, who comes in second with 33.2%.

As reported by CNF, a few days ago the renowned chart analyst “Credible Crypto” also expressed extremely bullish opinions for XRP. The analyst predicted a rise in the XRP price during the next bull run to up to USD 20 to 30.

According to “Credible Crypto”, XRP has a much greater potential and already now a much greater acceptance than other cryptocurrencies. Nevertheless, the analyst expects the next bull run to be as speculative as the previous two. However, one of the biggest beneficiaries could be XRP.