Investors who commit $1,000, $15,000 or $30,000 to XRP investments could see their holdings skyrocket to unimaginable levels if XRP reaches $100.
XRP has recently met a roadblock to its latest uptrend amid the ongoing market-wide collapse that caused Bitcoin (BTC) to retest the $59,000 region. Since reaching a four-month peak of $0.6580 on July 31, XRP has been on a downward path.
XRP Accumulation Amid Downtrend
The cryptocurrency has now collapsed below the $0.55 psychological territory, currently trading at a three-week low. Despite the prevalent bearishness, investors have continued to procure more XRP tokens. The Crypto Basic confirmed on July 31 that the number of XRP addresses holding at least 10,000 XRP increased to a six-month peak.
This accumulation trend has persisted through bearish and bullish phases. Recent data from Santiment indicates that addresses holding between 1,000 and 10 million XRP now collectively hold 19.47 billion tokens. This suggests that these addresses have procured over 460 million XRP tokens since late June.
Market participants have continued to amass more tokens amid ambitious price projections, as analysts expect an imminent uptrend. Some of these projections point to a possible increase to an audacious $100 price target.
For instance, market analyst Javon Marks predicted last month that XRP could skyrocket to the $100s price territory. His analysis cited a possible repetition of the 2017 rally. Also, the Common Sense Crypto account presented reasons why XRP could actually skyrocket beyond the $100 mark.
Returns on $1K, $15K, $30K if XRP Hits $100
With the $100 price prediction in the spotlight, investors continue to anticipate a possible upsurge. The Crypto Basic recently assessed how much investors would realize at varying investment levels if XRP reaches $100.
For instance, market participants holding $1,000 worth of XRP currently possess about 1,887 tokens against the current price of $0.5298. Notably, the value of these 1,887 tokens would skyrocket to $188,700 if XRP reaches $100. This marks a massive profit of $187,700, representing a return on investment (ROI) of 18,770%.
Further, investors with $15,000 worth of XRP currently hold 28,312 tokens. Interestingly, if XRP spiked to the $100 price level, the 28,312 tokens would surge to $2.83 million. This would mark an impressive profit of $2.816 million.
Meanwhile, those with $30,000 in XRP could potentially witness more substantial returns if the altcoin ever reached the $100 value. These investors, currently holding 56,625 XRP, would see their holdings surge to $5.662 million at the $100 price.
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.