While XRP’s potential to register substantial surges does not go unnoticed, recent XRP price projections have triggered speculations of possible massive returns.
XRP has faced resistance to the price rally it engineered in the wake of the favorable Ripple case verdict. However, despite the bearish turn of events, market watchers remain confident of its potential to register massive gains.
These forecasts have elicited speculations of possible returns, with investors continually pondering on the amount required to rake in $1 million from an XRP investment if the asset reaches certain price targets.
XRP at $3.7 and $5
One of these XRP price forecasts projects a rally to $3.7. Notably, prominent analyst CoinsKid made this prediction last month, citing data from historical patterns.
270,270 XRP tokens would be worth $1 million if XRP claims a price of $3.7.
At the current price of $0.6300, investors can amass these 270,270 tokens at $170,270. Essentially, $170,270 would yield $1 million if XRP hits $3.7.
Following XRP’s victory in the Ripple lawsuit, media outlet Finbold surveyed several industry leaders on XRP’s potential to hit $5. While they acknowledged the possibility of such a rally, these experts stressed that the target could be challenging for XRP.
Should XRP claim a $5 price, an investor must hold 200,000 XRP tokens to sit on a $1 million investment. Notably, these 200,000 tokens can be acquired for $126,000 at current prices.
XRP at $10, $50, and $100
One of the market watchers with a bullish outlook on XRP is Crypto Caesar, a Bitcoin (BTC) proponent. In mid July, Caesar set an XRP price target of $10 should the verdict of the Ripple case give the asset regulatory clarity.
Rallying to $10 would require a massive 1,478% increase for XRP. If this price target materializes, 100,000 XRP tokens would be valued at $1 million. At XRP’s present price, 10,000 tokens can be procured with $63,000.
In addition, two months back, renowned expert chartist Egrag emphasized that XRP was in accumulation.
The analyst predicted an impressive rally for the asset to $50. At a $50 price, 20,000 XRP tokens would be worth $1 million. At current prices, an investor can acquire these tokens at $12,600.
On July 30, XRP community figure Shannon Thorp projected a possible XRP surge to $100, citing XRP’s untapped utility. A price of $100 would make 10,000 XRP worth $1 million. At XRP’s present value, investors could procure these tokens with $6,300.
While these projections present a bullish outlook, market participants should take them with a healthy measure of skepticism. Notably, there is no guarantee that XRP could hit these targets despite its untapped utility and bullish market movements.