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Investors holding just 10,000 $XRP could experience substantial returns on their investments depending on $XRP’s top price for the ongoing bull market.
The crypto market is currently witnessing a pause on the current bull run following rapid price surges from Q4 2023 to Q1 2024. Bitcoin (BTC), the largest crypto asset, clinched a new all-time high alongside a few altcoins. However, $XRP failed to even breach the $1 level, facing resistance at $0.7440 in March.
$XRP Accumulation Steadies
Despite the underwhelming performance, multiple market commentators believe $XRP would not miss out on this bull phase despite concerns raised by veterans such as Raoul Pal. Amid this optimism, several bullish projections have sprung up. As a result, accumulation remains at a reasonable level, with shrimp addresses leading the charge.
Data from Rich List confirms that addresses holding between 10,000 and 25,000 $XRP have surged to 150,541 at press time. Further, the $XRP market now boasts about 284,567 addresses holding 10,000 $XRP and more as optimistic investors sustain the accumulation push.
According to Santiment, wallet addresses holding between 1,000 and 10,000 $XRP have procured 30 million $XRP since August, with their cumulative holdings now sitting at 1.95 billion tokens. Meanwhile, those with 10,000 to 100,000 $XRP have purchased 120 million $XRP within the same timeframe, now holding 6.97 billion tokens.
Investors looking to enter the 10K club would have to spend $5,800 to procure the 10,000 $XRP tokens. However, these assets would skyrocket in value if any of the price targets for $XRP materializes.
Worth of 10K $XRP at Varying Price Targets
Last November, market analyst EGRAG predicted that $XRP could rally to $2 amid the formation of a “Steel Foundation.” Should $XRP claim this $2 price, the 10,000 $XRP tokens would grow to be worth $20,000, presenting returns of $14,200 for investors in this category.
Meanwhile, in April 2024, another analyst Mikybull spotlighted an imminent massive bullish $XRP wave. Citing historical data, the market analyst argued that this wave could push $XRP to $4. If this $4 price comes into play, the 10,000 $XRP would appreciate in value to $40,000, yielding a profit of $34,200.
Interestingly, just three days ago, market commentator Cryptobilbuwoo also cited $XRP’s historical data to project a possible $XRP surge against Bitcoin. He believes this surge would possibly lead to a $6 price for $XRP. At this $6 level, investors holding 10,000 $XRP would see their holdings rise to $60,000.
In August, a pseudonymous analyst known as Spectre predicted that $XRP might target $10 in this market cycle. A $10 price would put 10,000 $XRP tokens at a worth of $100,000.
Despite the seemingly ambitious nature of the $10 prediction for this cycle, some market commentators believe it is an underestimate. For instance, Armando Pantoja projected three months back that $XRP might be heading to a massive $20 price. If $XRP hits $20, the 10,000 $XRP would be worth $200,000.
Also, another market analyst Amonyx believes the $50 target is attainable for $XRP. Notably, investors holding 10,000 tokens would be sitting on a whopping $500,000 if the $50 target materializes. Meanwhile, as discussions around a $100 price for $XRP gains steam, this price level would put 10,000 $XRP tokens at a worth of $1 million.