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Individuals looking to make $1 million from XRP via ambitious price points in the triple-digit range require a modest initial investment.
XRP has recently renewed optimism among community members and steadfast holders that their millionaire dreams are still on course. Last week, XRP recaptured a three-month high of $0.6366, even momentarily emerging as the best performer among prominent crypto assets.
Notably, XRP regained $0.6366 in under two weeks after revisiting a 16-month low of $0.385, marking a growth of over 65%. This impressive growth has convinced XRP bulls that they are not missing the 2024/2025 bull season.
With widespread projections suggesting XRP’s likelihood for more than double-digit values, this article explores the number of tokens an investor must hold to attain a millionaire should XRP attain audacious prices of $150, $258, $305, and $403.
XRP Needed to Make $1M if XRP Hits $150, $258, $305 and $403
To make $1 million via XRP in the hypothetical scenario where its market value attains $150, one must have 6,667 tokens in his portfolio. With XRP trading at $0.5899 at press time, following a brief retracement, acquiring the portfolio costs $3,932.66.
Put differently, an investor stands to see their investments explode by over 253-fold should XRP attain $150.
Meanwhile, investors targeting to make $1 million from XRP at a price point of $258 require a significantly lower initial investment. Specifically, one needs to hold only 3,875 XRP, which costs $2,286 today, to generate a million at the $258 price.
Similarly, a crypto investor must purchase 3,279 XRP valued at $1,934 today to make $1 million when XRP attains $305. The $403 XRP price point demands the least initial capital commitment.
To make a million dollars at $403, one must purchase and hold only 2,481 XRP, which costs $1,463 today. Meanwhile, this investment would expand by 68,216% should the ambitious $403 price materialize.
Can XRP Hit $150, $258, $305 and $403?
Considering the ambitious nature of these outlooks and the substantial return, this sparks questions about the timeline and reality.
Analyst Javon Marks strongly believes XRP will reach a $150 price point should it mirror its violent 2017 pump that led to an ATH. He has repeatedly suggested that this outlook is feasible during this bull season.
Due to a MACD flip and RSI divergence, XRP could outperform the crypto market and potentially reach $258. A recent technical analysis by Blockchain Backer highlights this observation, citing similar patterns seen in 2017 and 2021 that led to significant XRP rallies.
Meanwhile, analyst Heikin Ashi foresees a multi-stage rally for XRP in this bull season based on observation of the monthly candle patterns, highlighting a potential top at $305. Other analysts, like JD, have suggested a top at $403 based on similar historical observations.
However, market watchers associated with the Changelly exchange believe these audacious projections would take multiple decades to materialize.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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