Analyst Questions $8 XRP Target Despite Potential Gains

Analyst Xena questions the excitement around XRP reaching $8, suggesting it may not represent a significant breakthrough for long-term holders. Key points include:

XRP currently trades at $2.31, down 1.1% in 24 hours and over 45% below its all-time high.
A rise to $8 would mean a potential gain of approximately 240%, turning a $60,000 investment into over $206,000.
Small investors with about $1,000 in XRP would see their holdings increase to roughly $4,000, but this amount is insufficient for major financial changes.
Some in the community anticipate XRP could eventually reach $1,000, which would take years according to some analysts.
Xena emphasizes that influencers may promote the $8 target for engagement, while many ordinary holders await more substantial gains.