{"id":66898,"date":"2025-05-16T14:13:29","date_gmt":"2025-05-16T14:13:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=66898"},"modified":"2025-05-16T14:13:29","modified_gmt":"2025-05-16T14:13:29","slug":"ripples-xrp-a-modern-day-manhattan-real-estate-opportunity-says-influential-x-user","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=66898","title":{"rendered":"Ripple\u2019s XRP: A Modern-Day Manhattan Real Estate Opportunity, Says Influential X User"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Edoardo Farina remains one of XRP\u2019s most vocal supporters, comparing its current valuation to the price of Manhattan land in the 19th century.<\/p>\n

Other analysts offer more restrained optimism, suggesting the asset could climb to $5 soon.<\/p>\n

<\/a><\/span><\/h2>\n

A Massive Buying Opportunity?<\/h2>\n

Although XRP has gained over 350% in the past year, some market observers believe the asset could still be considered undervalued<\/span>. Edoardo Farina<\/span> \u2013 <\/span>who closely monitors the asset\u2019s price dynamics<\/span> \u2013 <\/span>is among the biggest optimists.<\/span><\/p>\n

Earlier this week, he claimed<\/a> <\/span>that investing in XRP now equals buying real estate in Manhattan in the 19th century. Back <\/span>in the day<\/span>, one could purchase farmland in the area for less than $100 per acre, whereas residential lots <\/span>cost<\/span><\/a> less than $1,000. Nowadays, New York City\u2019s economic and administrative center is one of the most expensive real estate markets globally, with prices often in the millions of dollars.\u00a0<\/span><\/p>\n

It is worth noting that Farina is a <\/span>huge<\/span> proponent of Ripple\u2019s native token and has made numerous bullish forecasts in the past. At the start of 2025, he <\/span>claimed<\/span><\/a> that $10 \u201cseems like a conservative price prediction.\u201d Earlier this month, he <\/span>speculated<\/span><\/a> that if the price surges to the <\/span>aforementioned mark<\/span>, <\/span>then<\/span> it can fly all the way to the ridiculous $100.<\/span><\/p>\n

Reaching triple-digit territory would require XRP\u2019s market cap to skyrocket to almost $6 trillion (based on the circulating supply of 58,6 billion tokens), which would place it 3x above BTC\u2019s. Currently, the coin\u2019s capitalization is less than $150 billion.\u00a0<\/span><\/p>\n

More Realistic Predictions<\/span><\/h2>\n

Farina isn\u2019t the only bullish analyst on XRP<\/span>, but<\/span> many others have recently set much more modest <\/span>targets for the short term<\/span>.<\/span>\u00a0<\/span><\/p>\n

The X user CRYPTOWZRD <\/span>chipped in<\/span><\/a> earlier today (May 16) when the price retested the $2.34 intraday support territory. They claimed a positive reversal from this mark \u201cshould trigger a long opportunity.\u201d As witnessed later, the price climbed to as high as $2.43.<\/span><\/p>\n

At the beginning of the month, Captain Faibik <\/span>suggested<\/span><\/a> that XRP at $2 is \u201can absolute gift.\u201d The analyst also envisioned a favorable scenario where the valuation approaches $5 <\/span>in the near future<\/span>.<\/span><\/p>\n

The post Ripple\u2019s XRP: A Modern-Day Manhattan Real Estate Opportunity, Says Influential X User<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Edoardo Farina remains one of XRP\u2019s most vocal supporters, comparing its current valuation to the price of Manhattan land in the 19th century. Other analysts offer more restrained optimism, suggesting the asset could climb to $5 soon. A Massive Buying Opportunity? Although XRP has gained over 350% in the past year, some market observers […]<\/p>\n","protected":false},"author":0,"featured_media":66899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-66898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66898"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66898"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/66899"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}