While XRP continues to face resistance in its rally, following the U.S. SEC’s official move to appeal Ripple’s victory, sentiments on the token’s prospect still abound, and we shall be exploring them in this insight.
Notably, this insight would estimate potential XRP holdings required to attain an XRP millionaire status and expected returns on investment (ROI), based on XRP’s $0.62 current price, if the token hit some selected market values.
XRP At $3, Expected Holdings to Attain Millionaire Status
Recall in one of our previous news, Coinskid, a renowned crypto chartist and analyst, hinted at a potential XRP price ascent to a $3.7 price level. While we can not guarantee Coinskid prediction, it cannot be written off either. Instead, we shall estimate a potential XRP millionaire price level at a $3 selling cost.
At a $3 price mark, approximately 333,334 XRP tokens would have a $1 million value. Based on XRP’s current price, 333,334 coins will sell at $209,263, resulting in an accumulated profit in the range of $790,000 if the token succeeds in attaining the $3 price mark.
Attaining A Millionaire Status For Projected XRP Prices Of $5 and $10
A $5 or a $10 XRP price projection might appear unrealistic but feasible without raising any suspicion as XRP continues to tend towards becoming a formidable crypto.
Firstly, XRP at $5 would require XRP stores of 200,000 tokens, worth approximately $126,000 per the token’s current price. Purchasing XRP at its current price would imply a profit estimated at around $874,500.
On the other hand, XRP at $10 would cost an investment capital valued at $62,800 for 100,000 XRP coins based on the token’s present price. Overall, the profit would be in the range of $937,300.
Recall that Sudhir Khatwani, Founder of The Money Mongers, a reputable crypto think tank, had expressed optimism regarding XRP’s potential to reach $5 by 2023 in a previous news report. In addition, Crypto Ceaser, a Bitcoin advocate, projected a $10 ascent for XRP.
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XRP Holdings Needed To Attain Millionaire Status at $50 And $100 Prices
While a $50 or a $100 XRP price projection might appear extreme, top crypto chartists had previously predicted the token’s rise to a $50 and a $100 price levels. However, this does not imply that the price levels are attainable.
Achieving a million dollars with XRP at $50 would require start-up capital valued at about $12,600 for 20,000 XRP coins based on the current price standings. Should the $50 projected price play out, investors would rake in approximately $987,500 in profits.
Meanwhile, for a $100 price prediction, investors must have a minimum of $6,300 to purchase XRP holdings of 10,000 tokens, culminating in approximately $993,800 returns on investment.
Finally, we urge readers to desist from taking this insight as financial advice, as more research is encouraged before investing in any crypto project.
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