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Individuals looking to make $1 million from XRP via ambitious price points in the triple-digit range require a modest initial investment.
XRP has recently renewed optimism among community members and steadfast holders that their millionaire dreams are still on course. Last week, XRP recaptured a three-month high of $0.6366, even momentarily emerging as the best performer among prominent crypto assets.
Notably, XRP regained $0.6366 in under two weeks after revisiting a 16-month low of $0.385, marking a growth of over 65%. This impressive growth has convinced XRP bulls that they are not missing the 2024/2025 bull season.
With widespread projections suggesting XRP’s likelihood for more than double-digit values, this article explores the number of tokens an investor must hold to attain a millionaire should XRP attain audacious prices of $150, $258, $305, and $403.
XRP Needed to Make $1M if XRP Hits $150, $258, $305 and $403
To make $1 million via XRP in the hypothetical scenario where its market value attains $150, one must have 6,667 tokens in his portfolio. With XRP trading at $0.5899 at press time, following a brief retracement, acquiring the portfolio costs $3,932.66.
Put differently, an investor stands to see their investments explode by over 253-fold should XRP attain $150.
Meanwhile, investors targeting to make $1 million from XRP at a price point of $258 require a significantly lower initial investment. Specifically, one needs to hold only 3,875 XRP, which costs $2,286 today, to generate a million at the $258 price.
Similarly, a crypto investor must purchase 3,279 XRP valued at $1,934 today to make $1 million when XRP attains $305. The $403 XRP price point demands the least initial capital commitment.
To make a million dollars at $403, one must purchase and hold only 2,481 XRP, which costs $1,463 today. Meanwhile, this investment would expand by 68,216% should the ambitious $403 price materialize.
Can XRP Hit $150, $258, $305 and $403?
Considering the ambitious nature of these outlooks and the substantial return, this sparks questions about the timeline and reality.
Analyst Javon Marks strongly believes XRP will reach a $150 price point should it mirror its violent 2017 pump that led to an ATH. He has repeatedly suggested that this outlook is feasible during this bull season.
Due to a MACD flip and RSI divergence, XRP could outperform the crypto market and potentially reach $258. A recent technical analysis by Blockchain Backer highlights this observation, citing similar patterns seen in 2017 and 2021 that led to significant XRP rallies.
Meanwhile, analyst Heikin Ashi foresees a multi-stage rally for XRP in this bull season based on observation of the monthly candle patterns, highlighting a potential top at $305. Other analysts, like JD, have suggested a top at $403 based on similar historical observations.
However, market watchers associated with the Changelly exchange believe these audacious projections would take multiple decades to materialize.