The past couple of days have seen positive sentiments on XRP price from renowned crypto analysts and chartists. Intriguingly, the prevailing market printings and indices seemed to corroborate these bullish views with remarkable statistics.
Aside from the overall market outlook, the latest happenings involving Ripple, the major distributor of XRP, have also been impressive.
Read Also: Financial Experts Share Their Expected XRP Price For 2024
XRP could be said to be on the verge of a rally that would see it attain remarkable price highs, implying that a re-attainment of its ATH is not far-fetched.
Another positive sentiment that could bring about a bullish trend for XRP in the coming months is the Bitcoin halving. Historically, the event didn’t only move Bitcoin (BTC), but the whole crypto market.
The last Bitcoin halving that happened in 2020 could have pushed XRP higher, but the unexpected SEC lawsuit against Ripple acted as the roadblock.
In this insight, we shall be estimating the amount in USD investors need to invest now to attain millionaire status when XRP reclaims its ATH.
XRP’s current price at the time of writing is approximately $0.54, implying an 85.79% decline from its ATH. Our estimations in this insight will revolve around this current price.
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Attaining $1 Million When XRP Reclaims ATH
At XRP’s ATH, approximately 263,200 XRP would be worth $1 million. Purchasing 263,200 tokens at the $0.54 price will require a funding capital of about $142,100.
By investing $142,100 now, traders are guaranteed to make profits of approximately $857,900.
Read Also: SBI VC Trade Shares Its XRP Price Projection
Attaining $5 Million When XRP Reclaims ATH
1.3 million XRP will be worth $5 million once XRP reclaims its price all-time high.
The XRP holdings above will be worth $703,125 at present market standings, implying that traders could make about $4.3 million from the whopping purchase.
Attaining $5 Million When XRP Reclaims ATH
Attaining $10 million once XRP reclaims its ATH would require about 2.632 million tokens valued at approximately $1.421 million based on the digital asset’s current price.
Summarily, the estimations you see in this piece are based on mere speculation of what could potentially play out if XRP revisits its ATH. No projection in the crypto sphere is certain. Readers should do adequate research before investing in any crypto project.
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