A cryptocurrency analyst shared the reason why he thinks many people will miss the XRP bull market. Despite the recent needy performance in the XRP price action, the analyst showed sturdy faith in the cryptocurrency’s ability to not only rebound higher, but also reach much higher price levels that could match its global settlement goals.

In post X from May 31, cryptocurrency market expert BarriC boldly he stated that a significant number of investors are likely to miss this opportunity the long-awaited XRP bull rally when it finally develops. Currently, several analysts in the XRP community share the view that the current price of the cryptocurrency does not reflect its true value. They believe that the value of XRP should not be measured by normal price action, but by its utility and long-term potential to serve as a global settlement layer.

The reason why many people will miss the XRP rally

BarriC noted that a significant percentage of investors may be missing out on XRP’s rise not because they have never heard of the cryptocurrency, but because they are distracted by market noise. These disruptions could cause investors to miss or underestimate the scale of the XRP move when it occurs.

Related reading: Expert says the clock is ticking for XRP. Here’s what you need to know

It is worth noting that BarriC stated that the market is now tormented by fearimpatience and short-term price movements. He noted that many participants still did not understand the bigger picture, focusing mainly on short-term volatility and recent price drops not the long-term prospects of cryptocurrency.

According to the analyst, XRP was created for this purpose go far beyond retail sentiment. He explained that the cryptocurrency was designed for liquidity, settlement, utility and the seamless flow of value across global borders. With all this real-world employ cases for payments and remittances supporting XRP’s core value proposition, BarriC’s view suggests that the cryptocurrency’s long-term price target could be significantly higher than current market expectations.

Given such prospects regarding the long-term utility and market position of XRP, the analyst urged investors and XRP holders to focus on the bigger picture. He noted that the future tends to reward only those who can identify emerging trends early, before broader market sentiment catches up and validates them.

Analyst says XRP price below $2 is a trap

In a separate post also X BarriC common insights on where he thinks the real value of XRP may lie. He noticed that many people got used to it XRP Trading Below $2 because they have never seen it become widely required in global financial systems. He described this low valuation as a “trap,” arguing that once XRP becomes a necessity for moving value across the global financial infrastructure, its price will no longer be confined by what retail investors deem pricey.

At this stage, BarriC believes that XRP can potentially trade in the $10,000 to $50,000 range. He explained that this ambitious forecast is not hype, but the belief that most people may still underestimate the value of XRP if it were ever needed on a global scale.

Featured image from Getty Images, chart from Tradingview.com