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Investors who have bought $XRP at various prices since December 2024 could see impressive returns if $XRP eventually reaches the $10 price target.
Key Points
- $XRP’s $10 Price Target in Focus: Multiple analysts and community members believe that $XRP could reach $10, with recent trends and historical analysis suggesting a bullish momentum in the future.
- Historical and Analytical Support for $10 Projection: Various projections, including those based on historical trends and analyst predictions, support the possibility of $XRP hitting $10, highlighting potential bullish phases.
- Current $XRP Price and Required Gain for $10 Target: With $XRP trading at around $1.57, a rise to $10 would require a need for strong bullish momentum to achieve this milestone.
- Potential Profits from a $10 $XRP Surge: Investors who bought $XRP at lower prices could see substantial gains if $XRP reaches $10, with profits ranging from $80,000 to $90,000 for a 10,000 $XRP holding.
- Market Sentiment and Cautionary Notes: While expert opinions are optimistic about $XRP reaching higher prices, investors are advised to approach with caution, as such price increases are not guaranteed and do not constitute financial advice.
The $XRP to $10 Projection
Notably, one target that has made the rounds within the $XRP community is the $10 price. For instance, last June, market watcher CryptoBull argued that market participants who dumped $XRP out of frustration with its range-bound movement at the time would “all come back” when $XRP claims $10, expressing confidence in the $10 target.
Just two months back, Cryptollica segmented $XRP’s historical price trends into four phases. According to him, $XRP was still trading within a bearish Phase 3, and Phase 4 could emerge with bullish momentum, eventually taking prices to $10. Meanwhile, as far back as January 2024, The Crypto Basic called attention to projections from three separate analysts that $XRP could hit $10.
With $XRP currently changing hands at $1.57, a rally to $10 would demand a 576% increase from the current position. While this would require incredibly bullish momentum to achieve, $XRP has already demonstrated its ability to engineer sharp rallies within short periods. For instance, after the November 2024 election, it spiked 580% from $0.5 to $3.4 by January 2025.
Your Profit if $XRP Hits $10
If $XRP does clinch the $10 milestone, investors who entered the market after the November 2024 rally could finally see some reasonable gains. For context, some of these investors procured $XRP at the $1, $1.5, and $2 prices. To put things into perspective, anyone who bought 10,000 $XRP at $1 spent $10,000; those who bought the same at $1.5 spent $15,000; and purchasing at the $2 mark required $20,000.
If $XRP claimed $10, the worth of the 10,000 $XRP tokens would soar to $100,000, yielding varying profits for investors. Specifically, those who spent $10,000 to buy 10,000 $XRP at $1 would be sitting on $90,000 in profit. Investors who spent $15,000 at $1.5 would see $85,000, while the individuals who bought $XRP at $2 would record $80,000 in profits.
Notably, this aligns with sentiments held by market analyst EGRAG. According to him, with $XRP on track to reach higher prices, it won’t matter if investors buy the token at $1, $2, or even $3 today, as they could see reasonable profits regardless. However, it is important to note that an $XRP run to $10 or any other higher price is not a guarantee. As a result, investors should not see this as investment advice.