The recent victory recorded by XRP against the SEC has sparked hopes of a massive rally for the asset, with some market participants even predicting that it could make lots of millionaires out of investors.
XRP surged by relatively 98% within four hours following the announcement of the groundbreaking court ruling, which declared that XRP is not a security. This has led to renewed speculation that XRP could surge even further, potentially reaching $3.50 or even higher prices.
Read Also: Ripple CEO Points at Trustworthy Recap to Clear Confusion on What the Court’s Decision Means
In addition to the recent victory against the SEC, XRP has also been gaining traction in the broader market. The asset is now the fourth-largest cryptocurrency by market capitalization, and it has been steadily increasing in value over the past few months.
This recent momentum suggests that XRP could continue to rally in the coming months. If the asset reaches $3.50, it would be a significant milestone for XRP and could potentially make millionaires out of investors.
Chartist’s Points At Vital Line XRP Must Flip
Prominent chartist Egrag has recently forecasted that XRP is close to breaking through a line of interest on the weekly chart.
According to the analyst, once XRP flips this line, it would set sail to a region he terms “Valhalla.” Egrag sets price targets of $3.5, $13, or $75.
#XRP Flip "THE LINE" (UPDATE):
🏁🔥 The finish line is within reach! Together, let's unleash our collective strength and give it one final push! 🚀💪 Victory 🌟
Join the movement and let's soar to new heights! 🙌 https://t.co/TA0bbhrnCf pic.twitter.com/rndlCHkS2Y
— EGRAG CRYPTO (@egragcrypto) July 13, 2023
How Much Would It Take to Make a Million Dollars?
If XRP were to reach $3.50 as predicted by Egrag the chartist, an investor who bought $225,428 worth of XRP at its current price of $0.7890 would make a million dollars.
Similarly, an investor who bought $60,692 worth of XRP at current prices would make a million dollars if XRP reached $13. And if XRP were to reach an ambitious $75, an investor who bought just $10,519 worth of XRP at current prices would make a million dollars.
Read Also: Ripple Wins SEC Lawsuit: Analyst Predicts Massive Surge for XRP, Targets $3
Of Course, There Are No Guarantees
Of course, it is important to remember that these are just price predictions, and there is no guarantee that XRP will reach any of these levels. The cryptocurrency market is volatile, and prices can fluctuate wildly. However, the recent momentum demonstrated by XRP suggests that it is a coin with the potential to make millionaires.
Disclaimer: This article should not be taken as investment advice. The cryptocurrency market is volatile, and prices can fluctuate wildly. Before investing in any cryptocurrency, it is important to do your own research and understand the risks involved.
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