XRP has the potential to make millionaires out of investors, but this could only materialize if the cryptocurrency records rallies to lofty price targets against the appropriate investment capital.
Some XRP proponents have continued to hold onto their tokens, hoping to see a price appreciation that could bring them the much-coveted millionaire status. However, raking in $1 million with XRP would depend on two factors: the capital invested and the rate at which XRP skyrockets.
XRP already has a history of massive price surges, further bolstering the confidence proponents have in its potential to record massive gains. For instance, the token rallied from $0.005 in February 2017 to the ATH of $3.31 in January 2018, marking a 66,100% rise in a year.
With the price surge to $3.3, an investor who purchased XRP with a mere $1,515 when it dropped to $0.005 in February 2017 witnessed their investment skyrocket to $1 million in January 2017. Despite the bigger roadblocks to similar surges, some investors remain confident amid prevalent price projections.
XRP Needed to Make $1M at $11.26, $28.20 and $56.55
One such projection sees XRP clinching $11.26, which represents a 1,978% rise from its current price of $0.5418. Should XRP hit $11.26, an investor would need to hold 88,809 XRP tokens to sit on a $1 million investment. They could get these tokens for $48,116 at the current price.
For those who believe XRP could reach the $28.20 projected target, holding 35,460 XRP at this price point would bring them $1 million. These 35,460 tokens are currently worth $19,212. Meanwhile, if XRP ever hits $56.55, an investor would require 17,683 tokens to see $1 million. They could get the 17,683 tokens now for $9,580.
While some market participants believe these two-digit price projections might be too ambitious for XRP, others already have their eyes set on loftier three-digit targets, such as $156.36 and $521.69. Multiple commentators have dismissed these targets as wishful thinking, but this has not stopped the anticipation.
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Investors looking to see XRP at $156.36 would need to hold only 6,395 XRP to make $1 million. Notably, they could procure the 6,395 XRP tokens for $3,464. For the ambitious, a mere 1,916 XRP would be worth $1 million. Interestingly, the 1,916 tokens currently go for $1,038.
Projected Timeline for These Price Targets
Meanwhile, the major issue rests with XRP’s ability to claim these price targets, as even the lowest projection would require a massive price appreciation. To this end, crypto exchange platform Changelly recently projected a timeline for the asset to reach the targets.
The Changelly team expects XRP not to hit a double-digit price until seven years later, in 2031. They believe XRP would clinch $11.26 in December 2031, further expecting the asset to rise 150% from this value to $28.20 in December 2033.
Moreover, the team sees XRP at $56.55 in January 2040, about 16 years from now. According to them, XRP could further skyrocket to a three-digit price in 2040 shortly after hitting $56.55 at the start of the year. They expect the asset to claim $156.36 in April 2040 and $521.69 in December 2040.
Nonetheless, investors should understand that there is no guarantee that these projections would materialize. While XRP has a history of massive surges, past performance does not guarantee future results. As a result, it is important not to consider these projections as investment advice.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
If XRP's price surges 668% to its all-time high of $3.84 again, it would only turn a $10,000 investment into $76,800. According to Digital Coin Price's estimates, XRP might revisit that record high by 2030.
Crypto analysts have checked the price fluctuations of XRP in 2024 and in previous years, so the average XRP rate they predict might be around $0.533 in August 2024. It can drop to $0.525 as a minimum. The maximum value might be $0.540.
If you believe in the long-term potential of Ripple's cross-border payment system and expect a favourable resolution, XRP might present a buying opportunity. However, always consider the inherent volatility of the cryptocurrency market and the possibility of further price fluctuations.
Let's find out. Well, to be in the top 10% of XRP holders worldwide, all you need is 3522 XRP. It's not very much. To be in the top 1%, you would need 70,000 XRP.
Most participants have between 10,000 and 50,000 XRP in their accounts. As a result, we can calculate that each participant holds a minimum amount within the stated range of XRP, resulting in an average of 53,327 XRP per participant. Schwartz sold 2% of the company as opposed to just 1% of the tokens.
David Cox, writing on the CryptoNewZ platform, anticipated that XRP could reach a high of of $1.53 by 2025, with a low of $1.06 for the same year. Another Ripple price forecast by AMBCrypto estimated the XRP price could hit a high of $2.01 in 2030, with a short term prediction of a high of $0.61 in 2024.
Investors looking to see XRP at $156.36 would need to hold only 6,395 XRP to make $1 million. Notably, they could procure the 6,395 XRP tokens for $3,464. For the ambitious, a mere 1,916 XRP would be worth $1 million. Interestingly, the 1,916 tokens currently go for $1,038.
Armando Pantoja, a prominent crypto figure, has expressed optimism about XRP's future. He believes the asset's true value lies between $8 and $20 and predicts it will reach this range by 2026. The $20 target represents a staggering 3,557.6% increase from its current price.
Trading Education, which is bullish on XRP's long-term future growth, likens the platform to a Visa competitor by the end of the decade. The site predicts that XRP could reach a high of $31.81 by the end of 2030.
Based on our long-term XRP Coin price forecast, we anticipated that prices could reach a new all-time high this year. By 2040, the maximum price of the XRP Coin is projected to be around $22.199. Our average price forecast for XRP is $21.746 in 2040.
Crypto analyst JackTheRippler and Ripple CEO Brad Garlinghouse recently shared their very optimistic predictions for XRP's future. Garlinghouse even suggested XRP could replace Bitcoin if certain challenges are addressed. Ripple's Q1 2024 report also revealed a 108% increase in XRP Ledger transactions.
At $100, that would mean you need 10,000 XRP for $1 million. At $500, you would need 2000 XRP. And Valhil Capital, a private equity firm, thinks the price will climb so much that you only will need 100 XRP to be a millionaire. The average XRP holder would become a millionaire at an $80.97.
The SEC accused Ripple of selling XRP in an unregistered security offering. The outcome of the U.S. regulator's court case against Ripple might still have far-reaching consequences for the cryptocurrency industry. Both the SEC and Ripple emerged somewhat victorious in this court case.
While it's not impossible for Ripple (XRP) to reach $10,000 by 2027, it would require significant growth and widespread adoption. However, it's crucial to conduct thorough research and consider the inherent risks before making any investment decisions.
Techopedia also sees potential for growth, estimating XRP could reach a maximum of $9 by 2030, potentially becoming a bridge currency due to its near-zero settlement times and the rise of central bank digital currencies. However, other sources offer a more conservative outlook.
Unlike most cryptocurrencies, XRP is pre-mined, with a maximum token supply of 100 billion. The token's total supply was/are distributed in three ways: First, 80 billion XRP tokens were allocated to Ripple (the company).
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