Here’s How Much USD You Would Need to Make $1M If XRP Reaches $5 and $10
Amid the current downturn in the market, I will explain how much investment is required to make $1 million in XRP if its price reaches $5 or $10.
Many investors have aspirations of becoming millionaires through investments in their preferred cryptocurrency. However, recent market fluctuations and declines in the prices of various cryptocurrencies, including XRP, have posed challenges to this dream.
Despite the price plunge, there are analysts who remain optimistic about XRP’s potential. Currently trading at $0.4836, XRP has experienced a 4.02% decrease in the past 24 hours and a 21.05% drop on the monthly chart.
Interestingly, the recent drop in XRP’s price is regarded by many investors as an opportunity to accumulate more tokens at lower prices in anticipation of a potential price surge. This positive outlook is supported by the ambitious predictions made by reputable market observers.
For example, market expert Ash Crypto has projected that XRP could reach a target of $5 by September 2025, representing a 933% increase from the current price. Similarly, Crypto Basic speculates that XRP might reach $5.2 this season if it replicates its 2021 performance.
Famous market watchers BarriC and Nick set even higher targets for XRP. Both experts expect XRP to reach $10 in the 2024/2025 cycle. To achieve the $10 target, XRP would need to rally by 1,967% from its current price.
Now let’s calculate how much XRP you would need to acquire today in order to make the $1 million dream a reality when XRP reaches $5 and $10.
Taking advantage of the recent price decline, becoming a millionaire in dollars when XRP reaches $5 may be within reach. To accomplish this, you would need to hold at least 200,000 XRP. At the current price of $0.4836, this would require an investment of $96,720.
On the other hand, if the price of XRP eventually hits $10, you would need to hold a minimum of 100,000 XRP, which can be acquired for $48,360.
It’s important to note that this analysis is for informational purposes only and should not be considered investment advice. The crypto market is highly volatile and unpredictable, and there is no guarantee that XRP will reach the $5 or $10 targets in the specified timeframes.
However, it is worth mentioning that XRP has previously experienced significant price gains, reaching an all-time high of $3.84 in January 2018. The SEC v. Ripple lawsuit prevented XRP from participating in the recent bull market of 2020/2021. The lawsuit is expected to reach a final resolution in 2024, according to top experts.
There are several potential factors that could drive XRP towards reaching $5 or $10. One of these factors is Judge Analisa Torres’ declaration in the SEC v. Ripple lawsuit, where she emphasized that XRP itself and secondary market sales of the coin are not investment contracts.
Additionally, the increasing adoption of XRP in cross-border settlements could significantly boost its price in the future.