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XRP investors could witness their holdings surge to unprecedented levels if XRP ever reached the audacious $10,000 price target.
The crypto market has not been particularly favorable to some assets, including XRP. Since hitting an all-time peak of $3.31 in January 2018, XRP has failed to surpass this price level. Within this period, other crypto assets have witnessed new heights across two market cycles.
For instance, Bitcoin (BTC) surpassed its 2017 peak of nearly $20,000 during the 2021 market cycle. The premier crypto asset hit a new high of $69,000 in November 2021. Following this top, BTC again reached a new all-time high in the ongoing market cycle, surpassing $73K in March this year.
Despite Bitcoin’s upsurges, some assets like XRP have failed to recover previous highs. At the current price of $0.5966, XRP still trades 81% below its all-time high of $3.31, over six years later. Some analysts attribute this to a price suppression that XRP has suffered over the years, predicting an imminent breakout.
Worth of 10K, 50K, 100K XRP at $10,000 Per XRP
Amid the optimism, the $10,000 target, though extremely audacious, has popped up multiple times. As this goal gains steam, The Crypto Basic recently assessed how much investments of 10K, 50K and 100K XRP could be worth if XRP ever reached the target.
At the current price of $0.5966, 10,000 XRP are worth $5,966. If XRP ever clinched a $10,000 price, these 10,000 tokens would skyrocket in value to hit a massive $100 million.
Similarly, 50,000 XRP tokens are currently valued at $29,845 against prevalent rates. The 50,000 tokens would rise to $500 million at a price of $10,000 per XRP. Meanwhile, the 100,000 XRP tokens are worth $59,660 at current prices. Their value would rise to a massive $1 billion if XRP ever hit the ambitious $10,000 price target.
This assessment calls to attention the unfeasible nature of the $10,000 target, as such a price surge would catapult multiple modest investments to unimaginable levels. However, this fact has not stopped some market analysts from projecting the target.
XRP to $10,000 Predictions
Most recently, Levi, a crypto YouTuber and trader, asserted that XRP could be on the verge of reaching a $10,000 price. The factor behind his projection is Ripple’s ongoing project pilots and partnerships globally that would see major financial institutions utilize XRP and the XRP Ledger.
Moreover, another market commentator Robert Doyle called attention to the recent development involving OpenEden’s introduction of Treasury Bills tokenization on the XRPL. He believes the adoption of T-Bills tokenization on the XRPL could help spur XRP toward $10,000.
Interestingly, a Christian prophet known as Brandon Briggs recently claimed that God mentioned to him that XRP would reach $10,000 in the future.