Investors who choose to invest in XRP today could potentially see returns of over 600% if XRP reaches a trading price of $3.84 again. Despite some positive reports, the price of XRP has remained stable at around $0.5346. Looking at the 30-day scale, XRP has only grown by 2.18%, struggling to surpass the $0.5 threshold.
However, supporters of XRP remain confident in its potential for significant movement. A well-known commentator on XRP recently outlined the profit targets that XRP holders can expect if the asset reaches its all-time high of $3.84 again.
This assessment specifically calculates the potential profits for wallets holding between 5,000 and 300,000 XRP when the asset rallies by 618% to $3.84.
For example, if an investor acquires 5,000 XRP at the current price of $0.5346, they would only spend $2,673. If the price surges to $3.84, their investment would be worth $19,200, resulting in a profit of $16,527.
Similarly, an individual who invests $21,384 to acquire 40,000 XRP today could see their investment skyrocket to $153,600 if XRP reaches its previous peak.
Investors holding 80,000 XRP today could also see an impressive return. With XRP at $3.84, their portfolio would be worth $307,200, despite only costing $42,768 today.
For wallets holding between 150,000 and 300,000 XRP, reaching millionaire status is a possibility if XRP returns to its previous market peak. Acquiring 150,000 XRP at the current price of $0.5346 would cost $80,190, but could potentially grow to $576,000 if XRP trades at $3.84 again. Similarly, 300,000 XRP, costing $160,380 today, could be valued at $1,152,000 under the same conditions.
While many altcoins are expected to surpass their previous highs in the next bull market cycle, XRP has remained stagnant for years since reaching its all-time high six years ago. Despite market analysts arguing that XRP has the potential to break its $3.84 ATH and even reach double-digit price levels like $20, recent performance has not confirmed this optimistic outlook.
It is important to note that this article is for informational purposes only and should not be considered financial advice. The views expressed are the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not responsible for any financial losses.