Here’s How Much XRP You Need to be a Millionaire If XRP Hits $7.5, $12, and $20 

This article outlines the amount of XRP an investor must hold to become a millionaire, with the asset potentially attaining lofty targets of $7.5, $12, and $20.

The cryptocurrency market is again experiencing a bull market, and eminent market watchers have identified XRP as one of the best tokens to hold. While XRP costs about six cents, these analysts have argued the likelihood of rallying up to 3,200% this season to reach $20.

Considering the weight of these forecasts, investors seeking to attain millionaire status by capitalizing on XRP may be interested in understanding the amount of XRP they must hold to reach this goal should the asset hit forecasted values.

XRP Needed to Make $1M If XRP Hits $7.5, $12, and $20

At press time, XRP sells for $0.6188. Should the asset attain $7.5, an investor must hold 133,334 XRP tokens to realize $1 million through XRP. Currently, this amount of tokens demands an initial investment of $82,507. Notably, the potential return on this investment is a substantial 11-fold increase.

Meanwhile, a lower initial capital commitment is required to become a millionaire if XRP attains higher targets like $12. Specifically, an investor must hold 83,334 XRP, costing $51,567 at present, to realize $1 million from XRP if the asset hits $12.

Notably, the $20 target requires the least initial investment but, in parallel, demands an extended holding term. In particular, one only needs to buy and hold 50,000 XRP tokens to become an XRP millionaire at $20. With XRP trading at $0.6188, this 50K XRP costs $30,940.

Remarkably, in this speculative scenario of XRP reaching $20, an investor stands to see their $31K investment expand by over 31 times.

Experts Projecting XRP to Hits $7.5, $12, and $20

While the prospect of attaining these gains can be eniticing, it remains to be seen if XRP can clinch the projected goals. In one of his latest analyses, top analyst EGRAG discussed the possibility of XRP reaching $7.5. EGRAG highlighted a significant support level amid the current downturn and noted key resistance levels that XRP must overcome to reach $7.5.

On the other hand, Rob Cunningham, founder of KWUL Research, theorized the outlook of a $12 XRP as Ripple entered a market hoped to be worth $2.8 trillion by 2028.

Meanwhile, Bitcoin investor Armando Pantoja recently made a compelling comparison, suggesting that setting a target of $5 for XRP this bullish season is akin to predicting BTC would peak at $1,000 in 2015. Pantoja went on to argue for the likelihood of XRP to surge to $20.