Here’s How Much XRP You Need to Make $1M if XRP Hits $5, $10 or $15

As market watchers continue to make bullish XRP price projections, investors have wondered how much XRP is required to hit the $1 million investment target if the token clinches specific price goals.

XRP is one of the oldest and most established cryptocurrencies in the market, with a loyal fan base and huge potential. But how much do you need to invest in XRP to make $1 million if it hits price targets such as $5, $10, or $15?

XRP Needed to Make $1M if XRP Clinches $5

In August, market analyst EGRAG identified an inverted hammer pattern on the XRP 2-month chart. He predicted an imminent price rally to $5.5. The $5 price target is a realistic one for XRP, as it has already hit prices close to this level in the past. 

XRP’s all-time high was $3.84 in January 2018. However, since then, XRP has faced many challenges and controversies, such as the SEC lawsuit, the delisting of major exchanges, and the competition from other cryptocurrencies. 

As a result, reaching the $5 price level would require a lot of positive developments and events for XRP, such as the adoption of XRP by banks and institutions and the innovation of the XRP Ledger.

To make $1 million if XRP ever clinches the $5 price level, an investor would need to hold 200,000 XRP tokens. Notably, these tokens can be bought for $123,600 at the current XRP price of $0.6180. At this rate, the investor would record returns of $876,400.

XRP Needed to Make $1M if XRP Clinches $10

The $10 price target is an ambitious one for XRP, as it would imply a market cap of over $540 billion, surpassing the current market cap of Ethereum (ETH), the second largest crypto asset, which currently stands at $275 billion.

However, it is not impossible, given the potential and vision of XRP as a global payment system that can bridge the gap between fiat and crypto and enable fast, cheap, and secure transactions across borders. 

To make $1 million at this price level, an investor would need to hold 100,000 XRP tokens, which can be bought for $61,800 at the current price. This would represent a return of $938,200, or 1,518%.

To reach the $10 price level, XRP would need to overcome the current obstacles and challenges and demonstrate its value and utility to the world, as well as its scalability and interoperability with other blockchains and networks.

XRP Needed to Make $1M if XRP Clinches $15

Crypto community influencer Ben Armstrong forecasted an XRP upsurge to $15 shortly after the asset secured legal clarity. The $15 price target is an extreme and unlikely one for XRP, potentially leading to a market cap of $810 billion if XRP’s 54 billion token circulating supply remains fairly stable.

This is a very improbable scenario, but not impossible. To clinch a $1 million investment if XRP hits $15, an investor would need to hold 66,667 XRP tokens. The 66,667 XRP is currently worth $41,200. 

XRP has already proven its resilience and popularity, attracting millions of followers and holders as of press time. Notably, XRP currently boasts over 4.926 million wallets. However, to reach the $15 price level, XRP would need to achieve massive adoption and greater demand.