Here’s How Much XRP You Need to be a Millionaire if XRP Hits $5, $10 or $50

XRP’s recent price actions have influenced forecasts of the asset’s future price, but how much would you need to be a millionaire if XRP hits $5, $10 or $50?

Multiple analysts continue to champion the narrative that XRP is on the verge of a life-changing price rally. While some market watchers set modest targets such as $3, others have predicted surges to $5, $10 or even $50. 

Taking these ambitious price forecasts into consideration, how much would an investor need to become a millionaire if XRP claims any of the set targets?

Due to an inability to ride on the latest upsurge observed within the broader market, XRP has faced notable declines, plummeting below $0.48. While these drops might be concerning to market participants, they present investors with an opportunity to procure XRP at a discount. 

As disclosed by The Crypto Basic, prominent chartist Egrag claimed in April that XRP trading below $1 presents a life-changing opportunity for investors. These sentiments border on the assertion that XRP is likely to skyrocket to record highs. 

XRP at $5

Last month, Mason Versluis, founder of Gold Squad, advised investors not to underestimate XRP. The crypto influencer casually alluded to forecasts of an XRP pump to $5. Should XRP attain this price, an investor would need to be holding 200,000 XRP tokens to make $1 million.

At its current price of $0.4732, investors would need to commit $94,640 to procure 200,000 XRP tokens. In other words, an investor would need an investment of $94,640 to rake in $1 million should XRP hit $5 per token. 

XRP at $10

Earlier this month, pro-XRP lawyer John Deaton discussed the potential of XRP following a ruling on the Ripple vs. SEC lawsuit. The attorney disclosed that he sees XRP rallying on the back of a positive ruling in the case, potentially hitting $10.

If XRP ever hits $10, an investor would need to be holding 100,000 XRP tokens to witness an investment of $1 million. At current prices, 100,000 XRP could be procured with $47,430.

XRP at $50

On June 13, prominent analyst Egrag noted that XRP is currently in an accumulation phase. The analyst identified bullish signs indicating a looming price surge for the asset. Ultimately, Egrag emphasized that XRP’s direction could take the asset to $12 or $50.

In the event that XRP hits a $50 price, market participants holding 20,000 XRP tokens would be sitting on a $1 million investment. These 20,000 XRP tokens could be purchased with $9,464 at the current price of $0.4732.

Conclusively, investors would need $94,640 to rake in $1 million if XRP hits $5. However, if XRP reaches $10, they would need $47,430 to sit on a $1 million investment. Should the asset claim the $50, investors would require $9,464 to become millionaires.

However, these should not serve as investment advice, as XRP’s potential to hit these targets is purely speculative. As with all crypto investments, the possibility of further declines exists. Consequently, investors should contact licensed financial advisors before making any investment decisions.