Rewritten Article:
Is XRP The 19th-Century Manhattan of Crypto?
- Edoardo Farina continues to advocate for XRP as an excellent investment opportunity, likening its current value to the price of Manhattan land in the 19th century.
- Other analysts offer more measured optimism, suggesting XRP could reach $5 in the near future.
A Potential Goldmine in the Making?
Modern Real Estate Investment Opportunity Awaits with Ripple's XRP, Affirms Notable X User
Although XRP has experienced a remarkable growth of over 350% in the past year, some market analysts believe the asset may still be considered undervalued. Edoardo Farina, a vocal XRP devotee known for tracking its price dynamics, is among the most optimistic of these analysts.
This week, he proclaimed that investing in XRP now is akin to purchasing real estate in Manhattan in the 19th century. At the time, one could acquire farmland in the area for under $100 per acre, with residential lots costing less than $1,000. Fast forward to today, and New York City's economic and administrative center is one of the most expensive real estate markets globally, with prices often reaching millions of dollars.
It's worth noting that Farina is a vocal supporter of Ripple's native token and has made numerous bullish forecasts in the past. At the dawn of 2025, he forecasted that $10 was a reasonably modest price prediction. More recently, he hypothesized that if the price surges to the aforementioned mark, it could soar even higher to the unbelievable $100.
Achieving triple-digit numbers would require XRP's market cap to skyrocket to a staggering $5.8 trillion, based on the circulating supply of 58.6 billion tokens. This would position XRP three times above Bitcoin's market cap. Currently, the coin's capitalization hovers around the $150 billion mark.
More Modest Predictions
Farina isn't the only optimistic analyst on XRP. Other analysts have provided more measured predictions for the short term.
XRP fanatic CRYPTOWZRD weighed in earlier today (May 16) when the price retested the $2.34 daily support level. They asserted that a positive reversal from this mark "should set the stage for a long opportunity." As the market unfolded, the price jumped as high as $2.43.
At the beginning of the month, Captain Faibik suggested that $2 for XRP is "an astonishing deal." The analyst also envisioned a favorable scenario where the valuation moves towards $5 in the near future.
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- According to Edoardo Farina, investing in XRP now could be similar to purchasing real estate in Manhattan in the 19th century, as he predicts that the token's price could potentially reach triple-digit numbers, surpassing Bitcoin's market cap.
- Crypto analyst CRYPTOWZRD recently suggested that a positive reversal from the $2.34 daily support level for XRP "should set the stage for a long opportunity," and as the market unfolded, the price jumped to $2.43.
- Captain Faibik envisions a favorable scenario where the price of XRP moves towards $5 in the near future, considering it an astonishing deal at the beginning of May 2023.
