Here’s What Holding 1,000, 3,000 and 5,000 XRP Would be Worth if XRP Hits $100
Investors who hold 1,000, 3,000, and 5,000 XRP may see their portfolios grow to as much as $500,000 if the price of XRP reaches $100. Currently, XRP is trading below the crucial $0.50 level after experiencing a significant drop in June. Despite some price increases, XRP has been unable to reclaim $0.50 due to the overall market decline. This decline has also affected Bitcoin, which has remained below $65,000 since June 21.
However, many market analysts see the current downtrend as an opportunity to buy XRP at discounted prices. At its all-time high of $3.31 in January 2018, a $1,000 investment in XRP would have given the investor 302 tokens. At the current price of $0.4791, that same $1,000 investment would now yield 2,087 tokens. This discounted price has led to increased accumulation among whale addresses, with investors holding between 1 million and 100 million XRP as well as those with at least 1 billion tokens increasing their holdings.
These large wallets collectively held 34.26 billion XRP as of June 10, but their balance has since increased to 35.53 billion tokens, indicating a purchase of 1.27 billion XRP in less than a month.
Smaller addresses holding 1,000 to 10,000 tokens have also joined the accumulation campaign, driven by confidence in an upcoming price recovery. Market experts have projected various price targets for this recovery, with the ambitious $100 level being prominently mentioned.
In light of these expectations, The Crypto Basic recently evaluated the potential worth of different XRP holdings if the price reaches $100. For investors holding 1,000 XRP, their holdings would increase to $100,000, representing a return on investment (ROI) of 20,766% and gains of $99,521. Those with 3,000 XRP would see their portfolio spike to $300,000, gaining $298,563. Investors holding 5,000 XRP would record the most gains, with their investment value rising to $500,000.
However, the question remains whether XRP can actually reach $100. Achieving this price would require a rally of 20,666% from its current value. At $100, XRP’s market cap could surpass $5.56 trillion, surpassing the current global crypto market cap. While this possibility remains unlikely, some market commentators, like Andrew Forte, have casually suggested that XRP could reach $100 by 2037. Another analyst, BarriC, believes that in the future, a price range of $100 to $500 for XRP would be considered cheap.
It’s important to note that these projections are highly speculative and should not be considered as investment advice.