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Individuals investing in XRP today potentially prepare themselves for returns exceeding 600% should XRP trade at $3.84 again.
XRP has welcomed a few positive reports this week, but its price has remained stable at around $0.5346. Zooming out to the 30-day scale, XRP has only experienced 2.18% growth, languishing around the $0.5 threshold.
However, proponents are ever confident about the asset’s potential for aggressive movement. To this end, a notable XRP commentator recently outlined profit targets XRP holders can anticipate upon a reclamation of the $3.84 all-time high.
Precisely, this assessment visualizes the potential yields for wallets holding between 5,000 and 300,000 XRP when the asset ultimately rallies by 618% to $3.84.
Worth of Wallets Holding 5K, 40K, and 80K XRP When XRP Hits $3.84
With XRP trading at $0.5346, intending holders of 5,000 XRP today may spend only $2,673 to acquire these tokens. If the price surges to $3.84, this investment would be worth $19,200, yielding a profit of $16,527.
Similarly, an individual who commits $21,384 into procuring 40,000 XRP today stands to see his investment explode to $153,600 should XRP reclaim the old peak.
A similar impressive return applies to investors holding 80,000 XRP today. Specifically, the 80,000 XRP portfolio is poised to be worth $307,200 with XRP at $3.84, though it costs a modest $42,768 today.
Return for Holding 150K and 300K XRP When XRP Reclaims $3.84
Notably, wallets holding between 150,000 and 300,000 XRP today are on a potential path to millionaire status if XRP regains its previous market peak.
As of May 25, acquiring 150,000 XRP costs $80,190. This investment would grow to $576,000 if XRP trades at $3.84 again. Similarly, 300,000 XRP, costing $160,380 today, would be valued at $1,152,000 under the same conditions.
XRP $3.84 Potential in Check
As the bull market restarts, many altcoins are expected to follow Bitcoin’s lead and surpass previous highs this cycle. However, XRP is among the assets that have remained on the sidelines for years, holding an ATH established six years ago.
Observing the prolonged underperformance, market analysts argue that XRP has a compelling case to not only break its $3.84 ATH soon but also reach double-digit price levels like $20. Despite these bullish projections, XRP’s recent performance has not confirmed this optimistic outlook.