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As market analysts anticipate a major price recovery for XRP, we’ve outlined how your 10K, 50K, or 100K XRP holdings could turn to $1 million.
Despite the relief rally across the broader crypto market, XRP has only increased 1.87% over the past day. XRP, which currently trades at $0.5302, has plunged by 8.23% on the monthly charts. At the current price, XRP has also dipped 13.9% this year.
While several investors find XRP’s price action disappointing, they have remained optimistic about the coin’s prospects. This optimism is fueled by multiple XRP forecasts from notable analysts, with projections of potential spikes to $10, $20, and $100 making waves in the community.
How Your 10K, 50K, 100K XRP Can Become $1M
As market watchers continue to issue audacious predictions, investors are evaluating how their XRP holdings can turn to $1 million should the coin eventually achieve the targets.
Making $1M When XRP Hits $10
Last month, popular crypto analyst Nick forecasted that XRP would hit a target of $10 during the peak of this bull cycle. It is noteworthy that this bull cycle is expected to end by 2025.
Similarly, another analyst, BarriC, expects XRP to spike a range to $10 between 2028 and 2029. At the current price of $0.5302, XRP would need to rally by 1,786% to hit the $10 target.
Investors hoping to make $1 million when XRP reaches the $10 price level would need to hold at least 100,000 XRP coins. The good thing is that these 100,000 XRP coins can be acquired for a discount at the current price. Purchasing 100,000 XRP today would require an investment of $53,020.
How to Become a Millionaire When XRP Reaches $20
Additionally, popular Bitcoin investor Armando Pantoja thinks XRP’s price could surge to up to $20 in a bull market. This represents a rise of 3,672% from the current price.
Since Pantoja issued the prediction, speculations on returns of $1 million if XRP reaches the $20 target have emerged. Becoming a millionaire when XRP hits $20 requires a balance of 50,000 XRP, which can be acquired today for $26,510.
How Much XRP Needed to Make $1M When Price Hits $100
Furthermore, investors aiming to see XRP at $100 will have to wait beyond 2037 for this prediction to materialize, according to predictions from Andrew Forte. BarriC also speculated that the $100 target would come to fruition after the 2032 Bitcoin halving.
For XRP to reach the $100 mark, it needs to rally 18,760% from its current price. As a result, investors who aim to make $1 million if XRP reaches the $100 target must hold a minimum of 10,000 coins. At the current exchange rate, investors can accumulate the 10,000 XRP for $5,302.
Can XRP Reach These Audacious Targets?
The possibility of XRP reaching these audacious targets has remained questionable due to its circulating supply, market realities, and the ongoing legal tussle between the SEC and Ripple.
Besides seeking nearly $2 billion in fines and penalties, the SEC wants the court to impose an injunction against Ripple to prevent the company from selling XRP to institutional clients, specifically ODL customers. According to the court’s scheduling order, the SEC’s reply to Ripple’s opposition to its opening remedies brief is due by May 6.
Despite the SEC’s demands, XRP can still witness a massive rally in the bull run. This can be achieved because XRP in itself currently has legal clarity as a non-security. Also, XRP’s programmatic sales no longer qualify as investment contracts.