While the overall crypto market outlook seemed to remain increasingly unfavorable for most crypto projects, the sell rate in the crypto sphere seemed to increase among crypto investors who might lack patience.
However, amid the bearish market outlook, some other categories of crypto enthusiasts remain unperturbed. These investors hope to leverage the present market condition to accumulate their preferred crypto assets at subsidized rates.
Among the group of investors hoping to leverage on crypto price assets declines, XRP holders seem to top the chart.
Per XRP’s data on CoinGecko, the digital asset plunged below the $0.5 price level last week. However, the token seemed to be stabilizing above the $0.5 support level. The $0.5 price mark will be our basis for analyzing the required crypto holdings to hit a million dollars in XRP for some selected price points.
At a $3.5 Projected Price
XRP projected at $3.5 level seems fair enough. Should the price projection play out, approximately 285,715 XRP tokens must be stacked up to increase one’s chances of achieving a million dollars in XRP.
Purchasing 285,715 XRP tokens now at its current $0.5 market price would be worth $142,857.5, implying a profit in the region of $857,142.5.
Meanwhile, per previous reports, XRP’s price projections at $3.30 and $3.7 have all surfaced and were reported by the TimesTabloid.
At $6.8 Price per XRP
Multiple sources have predicted price levels above the $6 mark for XRP, implying that a projected $6.8 selling price for XRP remains feasible.
Peradventure XRP hits the $6.8 price target, an investor will need approximately 147,059 XRP to make $1 million.
Notably, based on XRP’s $0.5 current price, 147,059 tokens would cost about $73,529.5, which implies that investors would rake in a relatively $926,4701 profit.
At $14.3 Price per XRP
While the chances of XRP attaining a possible $14.3 price level seem slim, possibilities still abound in the future.
To attain a million dollars in the event Shiba Inu achieves a $14.3 price high, one must boast XRP holdings of 69,931 XRP coins.
69,931 XRP based on the $0.5 price will be valued at $34,966, implying a profit in the region of $965,035.
At $25 Price per XRP
40,000 XRP would amount to a million dollars if a $25 XRP price projection plays out. Purchasing 40,000 tokens now would burn an investment capital of about $20,000, with profits in the range of $980,000.
As earlier reported, Captain Faibik, a pro-Bitcoin crypto analyst, hinted at the possibility of XRP attaining price highs in the region of $25 and $30. Faibik’s claims corroborate XRP’s $25 price target.
Finally, readers should desist from digesting this piece as investment advice. Appropriate and deep research is encouraged before delving into any crypto investment.
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