Over the past few days, weeks, and months, XRP has been one of the hottest topics for discussion in the crypto sphere, especially as it concerns the digital asset’s future price and other analyses.
Several price forecasts and market analyses have surfaced for XRP and most of these predictions seemed to project XRP to remarkable new price highs, even above the all-time high (ATH) it attained in January 2018.
In one of the most exciting news for XRP, Ripple, its major distributor, scored a big win after the court rejected the United States Securities and Exchange Commission (SEC) motion to file an interlocutory appeal in their prolonged legal battle.
Read Also: Ripple CTO David Schwartz: Higher XRP Prices Will Bring About Cheaper Payments
XRP appears imminent for a potential surge, and investors might want to know the amount of XRP stores that could sum up to millions of dollars in investments if the digital asset eventually hits certain price targets.
Meanwhile, at the time of filing this report, XRP is changing hands at approximately $0.52. Our calculations will hover around this price.
Amount of XRP Required To Make $1 Million At $5 Or $10
Making $1M in XRP at $5 price implies that 200,000 XRP stores must be locked up in anticipation of a potential bull run that will catapult XRP to the projected price mark.
Purchasing 200,000 XRP tokens now would require an investment capital of $104,000. This invariably implies that the returns on investment would be worth $896,000.
On the other hand, XRP at $10 would imply holding 100,000 XRP worth $52,000 based on current prices to make a million dollars. In addition, XRP achieving a $10 selling price would denote profits of about $948,000.
Amount of XRP Required To Make $5 Million at $5 Or $10 Price
Reaching $5 million in XRP investment remains attainable for investors who could take the bold step of hopping into XRP investments now.
To reach $5 million XRP hits $5 would require XRP stores of approximately 1,000,000 tokens worth $520,000 based on the asset’s current price.
Similarly, to make $5 million when XRP hits $10, 500,000 XRP coins worth $260,000 must be accumulated at current prices.
Amount of XRP Required To Make $10 Million at $5 Or $10 Price
To possess $10 million when XRP reaches $5 selling price, investors are required to hold 2,000,000 XRP estimated to be worth about $1,040,000 at the asset’s current price.
Whereas, only 1,000,000 XRP is needed now to possess $10 million when XRP hits a $10 selling price. This 1,000,000 XRP is currently worth about $520,000.
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Read Also: Based On 4-Year XRP Price Pattern, Analyst Sees 63% Drop From $0.93 Before Major Rally
Amount of XRP Required To Make $15 Million at $5 Or $10 Price
With 3,000,000 XRP tokens, possessing $15 million can be attained at a $5 selling price. However, purchasing 3,000,000 XRP now will cost investors a whopping $1,560,000, representing a net profit of $13,440,000.
XRP attaining a $10 price level means that 1,500,000 coins can amount to $15 million. On the other hand, purchasing 1,500,000 XRP tokens based on current standings would be worth $780,000, with about a $14,220,000 return on investment.
It is worth noting that XRP achieving a selling price of either $5 or $10 would imply an increase of 861.5% or 1,823.1%, respectively.
Finally, this insight should not be treated as financial advice. Adequate research remains paramount for anyone willing to invest in crypto projects.
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