Individuals investing in XRP today need only about 13% of $1 million as their initial capital to reach a million dollars if XRP hits $3.84.
As the crypto market enters the second leg of the bull frenzies, members of the XRP community have become hopeful of XRP. Among large-cap cryptocurrencies, Bitcoin and Ethereum have led the narrative in the last two days, while XRP struggles to follow from far behind.
Specifically, Bitcoin surged to $71,426 yesterday, a price point not seen in about two months. Similarly, Ethereum reclaimed $3,820, marking a significant recovery. In contrast, XRP largely maintained its position around the $0.5 mark.
Meanwhile, with the gradual return of the bulls, XRP enthusiasts are optimistic that the asset could make a significant breakthrough in this second phase, as XRP’s cumulative return for the last quarter was negative 5%. Among the hopeful targets is for XRP to regain its old all-time high of $3.84.
For instance, in a recent post on X, a widely followed XRP advocate mapped out potential profits from holding XRP, helping investors visualize their likely profitability status should XRP reclaim its old peak. The profits ranged from a few thousand dollars to $1 million.
XRP Needed to Make $1M if XRP Hits 3.84
Crypto investors aiming to make a million dollars by leveraging XRP require only a fraction of this target fortune for their initial investments. In particular, to achieve $1 million from XRP with a floor price of $3.84, a holding of approximately 260,416 tokens is required.
At XRP’s current market value of $0.5346, purchasing 260,416 XRP costs $139,218. This initial investment represents only 13.92% of $1 million.
In other words, if XRP reaches its previous all-time high, today’s investors could see returns exceeding 618%. Meanwhile, those who invested earlier stand to gain even more substantially.
However, while some XRP holders are optimistic about targets even above $3.84, others doubt that XRP could surpass $1 in the near future. This skepticism is rooted in XRP’s longstanding lackluster performance in the crypto market.
For instance, the $3.84 all-time high under scrutiny was established six years ago. Despite a subsequent bull cycle, XRP failed to break this previous ATH. In the current bull season, XRP has not touched the $0.70 threshold since March.
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.