- Attorney John Deaton has shared his take on the current and future price outlook for XRP.
- He believes massive FOMO will set in when the asset touches $2.
XRP, the digital currency linked to the Ripple payment network, has been experiencing a surge in price in recent weeks. According to John Deaton, a pro-XRP attorney and the founder of CryptoLaw, a vast majority of investors will not invest in XRP until the asset breaches the $2 price level.
Notably, the XRP advocate asserts that investors who don’t take advantage of the current price which sits at $0.48 would have to join in when the price is over $1. Deaton also predicted that FOMO wouldn’t kick in until XRP reaches the $2 mark.
#XRP sits at .48 cents and it’s crazy to think about how many people, who refuse to buy it now, are going to buy it over $1. What’s even more crazy is that fomo won’t likely kick in until $2.
— John E Deaton (@JohnEDeaton1) May 29, 2023
The term FOMO (Fear of Missing out) is used in the crypto world to describe the phenomenon that occurs when investors perceive a potential investment opportunity and are investing to avoid missing out on potential profits. Deaton’s projections are based on the presumption that investors are likely to wait for a significant price increase before committing their funds to the asset.
Other Analysts Share Optimistic Projections on XRP Price
Aside from Deaton, other notable analysts have shared similar predictions for Ripple’s XRP. David Schwartz, Ripple’s Chief Technology Officer and a well-known figure in the cryptocurrency industry recently shared his thoughts on the current state of the XRP market. He believes that the current price is a bargain, and investors who buy at that price could potentially see significant returns in the future.
Also, Egrag, a skilled chartist, made an assertion last month while analyzing XRP’s price movement amid the bearish trend observed within the broader market. Egrag asserted that the current XRP price level will afford a life-changing investment opportunity for investors.
Meanwhile, John Deaton has predicted that XRP’s price could surge to $10 in the coming weeks.
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The lawyer stated that XRP’s low price is attracting a significant amount of investor interest and this will trigger a FOMO among investors, causing them to flood the market and drive up the price of the asset. Similarly, the attorney noted that investors who buy at the current price could potentially see their investment grow tenfold if XRP reaches $10.
Ripple vs SEC Lawsuit Still Impacting XRP Price
The attorney also notes that XRP’s current price is not reflective of its true value, as the ongoing legal battle has created uncertainty and volatility in the market. He believes that once the lawsuit is resolved, XRP’s price will begin to reflect its true value, which he believes will be significantly higher than the current price.
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