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This is an estimate of how much XRP investors need to hold to see their investments skyrocket to $1 million at various prices set by market analysts.
XRP has been stuck in a consolidation phase since dropping from the $0.7440 high on March 11. The crypto asset has failed to breach the $0.65 resistance while showing resilience at the $0.56 support.
Amid this consolidation, XRP continues to trade under the $1 price and has an all-time high value of $3.31. However, some investors see this extended downturn as a period to accumulate more tokens at discounted prices.
This sentiment stems from optimism that XRP could record an impressive breakout in this bull run, given its fundamentals and unique status as the only asset with legal clarity. With several targets set for this projected rally, some investors anticipate $1 million returns.
Amid these expectations, we evaluated the number of tokens an investor would need to hold to see his bags skyrocket to $1 million at varying price targets, especially those projected by crypto analytical platform Changelly for the next few years.
XRP Needed for $1M at Various Price Targets
According to the analysts at Changelly, XRP is poised to reach a minimum price of $7.83 by the year 2030, which is six years from now. If XRP does indeed hit this target, any investor who holds 127,713 XRP tokens would be looking at a cool $1 million in profit. At the current price of $0.6239 per token, those 127,713 XRP tokens are worth $83,511. This means that if the predicted price target is met, the value of these tokens will increase by a whopping 9,500%, a significant return on investment.
It’s important to note that these price predictions are not guaranteed, and investors should always exercise caution and do their research before making any investment decisions.
Changelly analysts do not see XRP reaching a two-digit value until seven years later, predicting XRP to claim the $11.28 price in June 2031. At this price, 88,652 XRP tokens would be worth $1 million, representing a 1,708% rise from their current investment of $55,309.
Meanwhile, the $24 target is expected to materialize in 2033. It bears mentioning that prominent analyst EGRAG believes XRP could actually reach and surpass this target, having constantly predicted the cryptocurrency to hit $27 on multiple occasions.
Should XRP record a rally to $24, an investor would need to hold 41,666 tokens if an investor means to secure $1 million. These XRP can be procured for a bargain price of $25,995, with XRP currently trading for $0.6239.
The most ambitious target on this list is $124.47, which represents a massive 19,850% increase from XRP’s current price. Despite the mountain XRP needs to climb to reach this target, analysts at Changelly believe it could be possible, projecting XRP to reach the goal as its minimum price in March 2040.
At the $124.47 price, an investor with just 8,034 XRP tokens would join the millionaire club. Interestingly, these XRP are worth a meager $5,084 at current XRP prices.