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HomeCrypto NewsMarketWith XRP Below $0.5, Here's How Much You Need to Make $1M if XRP Hits $3.3, $6.11, $12.8, or...

With XRP Below $0.5, Here’s How Much You Need to Make $1M if XRP Hits $3.3, $6.11, $12.8, or $26.4


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XRP recently plummeted below the $0.5 psychological threshold, leading market watchers to identify an opportunity to procure the asset at a discount.

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XRP’s fall below $0.50 triggered bearish sentiments among investors. XRP collapsed to a three-month low of $0.4226 on August 17. Despite the bearishness, market analysts propose that the decline could be leveraged to procure more XRP at a discount.

This idea stems from confidence among analysts that the asset will eventually recover. Notably, some market watchers project an imminent rally to recover the previous all-time high at $3.31.

In addition, when asked about XRP’s price potential, AI Chatbot Google Bard set up price projections of $6.11 in 2024, $12.8 in 2027, and $26.4 in 2030. How much would investors need to commit at the recent low to make $1 million if XRP hits any of the price targets?

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XRP’s previous all-time high value remains a topic of debate. However, TradingView data puts the value at $3.31. At $3.31, 302,114 XRP would be worth $1 million.

Interestingly, investors could amass the 302,114 XRP with $127,673 at the low price of $0.4226. This represents a 683% return on investment (ROI). However, at XRP’s current price of $0.5056, the 302,114 tokens would go for $152,748.

XRP at $6.11

XRP could make millionaires out of investors if it hits the $6.11 price projected by Google Bard for 2024. Should this price materialize, 163,666 XRP would have a value of $1 million.

An investor could procure these 163,666 tokens at $69,165 when XRP was trading at $0.4226. However, at XRP’s current value, investors must commit $82,520 to amass these tokens.

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XRP at $12.8

Google Bard’s $12.8 price target is one of the most ambitious projections for XRP in 2027. However, some proponents believe the asset could hit an even higher price. At $12.8, only 78,125 XRP would be worth $1 million.

A market participant who leveraged the recent low of $0.4226 could have gotten these 78,125 tokens at $33,015. Nonetheless, the tokens can currently go for $39,500 at XRP’s current price.

XRP at $26.4

If XRP claims a $26.4 price in 2027, as projected by Bard, an investor would only need to hold 37,878 XRP to sit on a $1 million investment. 

These 37,878 tokens could be procured with $16,007 at XRP’s recent three-month low of $0.4226. However, despite the increase in value, these tokens are still worth less than $1 million, valued at $19,151 at XRP’s current price.

While these estimates provide an attractive picture, it is essential to note that there is no guarantee that they will materialize. As a result, investors should seek guidance from qualified financial advisors before making any investment decisions.

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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.



Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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