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Wallets holding 10K and 100K $XRP are in a position for significant profits if $XRP regains its $3.84 all-time high.
$XRP remains a favorite crypto asset in the market, boasting over five million holders. Crypto enthusiasts hold $XRP to position themselves for substantial wealth someday. With the crypto market amid a bull cycle, $XRP is among the assets anticipated to make investors wealthy.
While the crypto market has experienced the first phase of this bull season, with very few assets reclaiming 2021 all-time highs, $XRP was among those that took a back seat. This was established in Ripple’s quarterly crypto market reports. The report uncovered that $XRP saw only a marginal 7% gain in the last quarter of 2023. Meanwhile, at the end of Q1 2024, $XRP registered a negative growth of 5%.
Essentially, $XRP has not had its bullish phase in the unfolding bull market. Nonetheless, with Bitcoin reclaiming $67K after a landslide dip, the crypto market is likely entering the second phase of the bull run, where $XRP may pull a commendable stunt after a protracted passive period.
In light of this, The Crypto Basic explored the potential monetary value of wallets holding 10,000 and 100K $XRP should $XRP reclaim its $3.84 all-time high in this second phase of the bull frenzy.
How Much Your 10K, 100K $XRP Would be Worth with $XRP at $3.84
With $XRP trading at $0.5089 at press time, it costs $5,089 to acquire 10K $XRP tokens. However, this investment would be worth $38,400 should $XRP regain the $3.84 peak, marking a substantial near seven-fold return.
Similarly, while acquiring 100K $XRP costs $50,890 today, the portfolio’s value would expand to $384,000 if the asset re-establishes its old $ATH.
Chances of $XRP Reclaiming $3.84
However, $XRP presently trades at a value significantly below the $3.84 $ATH, specifically down by over 86.77%. To cancel this wide gap, $XRP must engineer a rally that drives its value by 654%.
Meanwhile, lately, $XRP has not demonstrated the kind of performance that would suggest it can achieve such a 654% increase in the near future.
Nonetheless, despite the recent underperformance, market watchers are confident that $XRP will not only reclaim $3.84 but soar to the double-digit value range.
Analyst EGRAG recently proposed that $XRP may hit $3.84 by September. His proposition was based on the historical 21-moving average crossover on the 2-week chart, which has previously indicated bullish trends for $XRP.