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.
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The pundit further remarked that while retail hopes that XRP will remain at a lower price, institutions are looking at how
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