U.S. Family Office Identifies Hidden Issues XRP Investors Could Face Even if XRP Hits $100

A leading American multi-family office calls attention to financial and legal problems XRP investors could face when XRP reaches higher targets.

Notably, XRP and the broader crypto market have remained in a downtrend over the past few weeks. Despite this, many investors have insisted that XRP will eventually recover, with some still discussing lofty targets such as $100

How the 2014 IRS Rule Affects Your XRP Holdings

The firm explained that most retail investors overlook how U.S. tax rules treat cryptocurrency. For context, in 2014, the IRS released Notice 2014-21, which officially labeled crypto as property instead of currency.

This rule means every sale, trade, or everyday purchase made with crypto counts as a taxable event. Specifically, investors must calculate gains or losses using fair market value at the time of each transaction and track the cost basis carefully, even for small purchases.