You Want $1K XRP? You’ll Need Iron Nerves — Or ‘Mental Illness’, Analyst Says

Source Newsbtc

A pro-XRP software developer sparked fresh debate this week by saying it takes “serious conviction” to hold volatile coins like XRP through long, wild swings.

Vincent Van Code said holding XRP all the way to $1,000 — let alone $10,000 — would take “mental illness.”

His comments have drawn attention not just for the blunt wording but for the story they tell about the human side of crypto risk.

Holder Psychology Under Stress

According to Van Code, the real test begins long before a coin hits big numbers. He pointed to Bitcoin as an example: Bitcoin traded under $1 in 2010 and now sits above $110,000.

Many claim they would have held from those early days, but Van Code argued most people would have sold around $100.

Reports have also noted whales who were inactive for more than a decade recently moving coins bought for under $1,000 and cashing out millions or billions.

The famous case of the French buyer who spent 10,000 BTC on pizza remains a blunt reminder that people do sell, sometimes at huge regret.

XRP Near Key Demand Zone

Technical calls are mixed. Ether Nasyonal, a crypto analyst, told followers that XRP is “cooking something” on the 1-month chart and highlighted an important demand zone.

Following the sharp drop and quick bounce on Oct. 10, XRP failed to break past $2.5 and is still short of the $3 level. The token is down 14% this month.

Past movements add weight to caution: XRP plunged more than 90% after peaking above $3 back in 2018, a crash that punished holders who sold in panic and then watched prices recover later.

Personal Stories And Public Bets

Some holders frame their approach as a long-term plan. One user, TheXFactor33, said he has held XRP for over eight years and has weathered multiple crashes.

Van Code has said he mentally removed the money from his balance sheet and intends not to sell even if prices head far higher. He told followers his aim is to convert the stake into something concrete for his family, such as buying a home for his children.

Long-Term Bets Face Real Tests

Views on how high XRP could go differ widely. Some analysts project a bullish scenario that sees XRP at $1,000 by 2040, a forecast that would require years of patience — roughly a 15-year hold from today’s levels under $3 — and a lot of market resilience.

Meanwhile, a good number of investors say they would cash gains early to pay for cars, houses, or other goals, making multiyear holds rare.

Surviving repeated crashes and strong rallies takes more than luck; it takes steady nerves and a plan.

Featured image from Gemini, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD climbs above $3,350 as Trump rekindles trade tensionsThe Gold price (XAU/USD) extends its upside to around $3,365 during the early Asian session on Monday. The precious metal edges higher as traders rushed toward the traditional safe-haven assets after US President Donald Trump widened the global trade war with a fresh wave of tariffs.
Author  FXStreet
Jul 14, Mon
The Gold price (XAU/USD) extends its upside to around $3,365 during the early Asian session on Monday. The precious metal edges higher as traders rushed toward the traditional safe-haven assets after US President Donald Trump widened the global trade war with a fresh wave of tariffs.
placeholder
Meta Selects PIMCO, Blue Owl to Back $29 Billion Data Center Expansion – BloombergMeta Platforms Inc. (NASDAQ: META) has reportedly tapped investment giant PIMCO and alternative asset manager Blue Owl Capital to help finance a massive $29 billion project to develop AI-focused data centers in rural Louisiana, according to Bloomberg.
Author  Mitrade
Aug 08, Fri
Meta Platforms Inc. (NASDAQ: META) has reportedly tapped investment giant PIMCO and alternative asset manager Blue Owl Capital to help finance a massive $29 billion project to develop AI-focused data centers in rural Louisiana, according to Bloomberg.
placeholder
OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment OptionOn Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
Author  Mitrade
Aug 19, Tue
On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
placeholder
ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
Author  Mitrade
Sept 10, Wed
Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
placeholder
Samsung Electronics Forecasts Stronger-Than-Expected Q3 Profit on AI Demand Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
Author  Mitrade
Oct 14, Tue
Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
goTop
quote