Wallets holding 10K and 100K XRP are in a position for significant profits if XRP regains its $3.84 all-time high.
XRP remains a favorite crypto asset in the market, boasting over five million holders. Crypto enthusiasts hold XRP to position themselves for substantial wealth someday. With the crypto market amid a bull cycle, XRP is among the assets anticipated to make investors wealthy.
While the crypto market has experienced the first phase of this bull season, with very few assets reclaiming 2021 all-time highs, XRP was among those that took a back seat. This was established in Ripple’s quarterly crypto market reports. The report uncovered that XRP saw only a marginal 7% gain in the last quarter of 2023. Meanwhile, at the end of Q1 2024, XRP registered a negative growth of 5%.
Essentially, XRP has not had its bullish phase in the unfolding bull market. Nonetheless, with Bitcoin reclaiming $67K after a landslide dip, the crypto market is likely entering the second phase of the bull run, where XRP may pull a commendable stunt after a protracted passive period.
In light of this, The Crypto Basic explored the potential monetary value of wallets holding 10,000 and 100K XRP should XRP reclaim its $3.84 all-time high in this second phase of the bull frenzy.
How Much Your 10K, 100K XRP Would be Worth with XRP at $3.84
With XRP trading at $0.5089 at press time, it costs $5,089 to acquire 10K XRP tokens. However, this investment would be worth $38,400 should XRP regain the $3.84 peak, marking a substantial near seven-fold return.
Similarly, while acquiring 100K XRP costs $50,890 today, the portfolio’s value would expand to $384,000 if the asset re-establishes its old ATH.
Chances of XRP Reclaiming $3.84
However, XRP presently trades at a value significantly below the $3.84 ATH, specifically down by over 86.77%. To cancel this wide gap, XRP must engineer a rally that drives its value by 654%.
Meanwhile, lately, XRP has not demonstrated the kind of performance that would suggest it can achieve such a 654% increase in the near future.
Nonetheless, despite the recent underperformance, market watchers are confident that XRP will not only reclaim $3.84 but soar to the double-digit value range.
Analyst EGRAG recently proposed that XRP may hit $3.84 by September. His proposition was based on the historical 21-moving average crossover on the 2-week chart, which has previously indicated bullish trends for XRP.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
