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Investors holding 1,000, 3,000 and 5,000 XRP could see their portfolio grow to as much as $500,000 if XRP price reaches the $100 level.
XRP continues to trade below the crucial $0.50 threshold after decisively collapsing underneath it on June 20. Despite periods of sharp price increases, XRP has failed to reclaim $0.50 as a result of the ongoing market collapse. This decline has also kept Bitcoin (BTC) below $65,000 since June 21.
XRP Witnesses Increased Accumulation
However, multiple market analysts regard the prevalent downtrend as an opportunity to procure XRP at discounted prices. Notably, at its all-time high of $3.31 in January 2018, a $1,000 investment in XRP would procure 302 tokens.
This figure has significantly increased at the current price of $0.4791. Interestingly, if an investor commits $1,000 to XRP now, he will amass 2,087 tokens. This discount has led to rapid accumulation among whale addresses. Santiment confirms that investors holding between 1 million and 100 million XRP as well as those with at least 1 billion tokens have increased their holdings.
These wallets collectively held 34.26 billion XRP as of June 10. However, their cumulative balance has increased to 35.53 billion tokens at the reporting time. This indicates that they have procured 1.27 billion XRP in less than one month.
Worth of 1,000, 3,000 and 5,000 XRP at $100
In addition, smaller addresses, especially those holding 1,000 to 10,000 tokens, have also joined the accumulation campaign. This purchase spree is largely triggered by confidence in a looming price recovery. Market experts have projected multiple price targets for such recovery, with the audacious $100 level featuring prominently.
Amid the ongoing expectations, The Crypto Basic recently evaluated how much certain holdings would be worth at the $100 price. Investments in the spotlight include those involving 1,000 XRP, 3,000 XRP and 5,000 XRP.
For investors holding 1,000 XRP, the $100 price would skyrocket their holdings from the current $479 to $100,000. Such a massive increase would represent a return on investments (ROI) of 20,766%, bringing in gains of $99,521.
Meanwhile, those with balances of 3,000 XRP would witness their portfolio spike to $300,000 if XRP reaches $100. This would mark a gain of $298,563. In addition, investors holding 5,000 XRP would record the most gains if XRP hits $100, with their investment portfolio rising to $500,000.
Can XRP Reach $100?
While these evaluations present an enticing future prospect for investors, the question is whether XRP can hit the $100 price. XRP would need to rally by 20,666% from its current value to reach $100. At this price, the asset’s market cap could hit $5.56 trillion, higher than the current global crypto market cap.
This shows that the chances of XRP hitting this price level are extremely low despite the prospect remaining possible. Some market commentators have considered this possibility on multiple occasions. For instance, three months back, pundit Andrew Forte casually suggested that XRP could reach $100 in 2037.
Interestingly, market analyst BarriC asserted in April that XRP could actually be considered undervalued at $100 sometime in the future. According to him, an XRP price between $100 and $500 in 2032 to 2033 would be cheap for market participants. This remains highly speculative and does not represent investment advice.