Investors in XRP have the potential to become millionaires with just a few hundred dollars if the asset reaches prices between $500 and $1,000. Despite the recent market correction, XRP has remained relatively stable, trading between $0.49 and $0.5 with a positive performance over the past week. This has increased the confidence of XRP enthusiasts who believe that the asset could experience a significant rally, similar to one seen six years ago, and make them millionaires.
To achieve a millionaire portfolio with XRP at a future price of $500, an investor would need to hold 2,000 tokens. At the current price of $0.4886, it would cost approximately $977.2 to acquire these tokens. If bullish projections materialize, this investment could grow by 102,233% in the years to come.
For those with even more ambitious expectations of XRP reaching $1,000, a smaller initial investment is required. To become a millionaire at this price point, an investor would need to hold 1,000 XRP, valued at $488.6. If XRP reaches $1,000, this investment would have grown by 204,566%.
There have been various predictions about when XRP could reach these price targets. Citi banker Shannon Thorp projected that XRP could reach $500 within seven months after winning a lawsuit in 2023. However, this projection has not yet been fulfilled. Analyst BarriC suggested that XRP’s current value will be considered cheap by 2033, indicating expectations of even higher prices in the preceding years. He also argued for a $1,000 XRP within a decade. Another community pundit, JackTheRippler, supports the $1,000 prediction but did not provide a specific timeline.
On the other hand, the prediction platform Telegaon takes a more conservative stance, forecasting that XRP is unlikely to reach $500 or $1,000 within the next three decades. Instead, it suggests a maximum value of $105 by 2050.
It is important to note that a $1,000 XRP would result in a valuation of approximately $100 trillion.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.