Investors seeking to retire with $1 million or $5 million while holding 10,000 XRP would have to wait a few more years, according to popular projections.
While the crypto market has slipped into a volatile period, most XRP investors remain unfazed amid confidence in its potential. Interestingly, XRP has recovered nearly 7% over the past 24 hours, as the broader market enters a rebound stage following the pullback over the weekend due to geopolitical tensions.
Optimism Amid Market Uncertainty
Despite XRP briefly slumping below the pivotal $2 support during the market-wide crash, market participants have maintained optimism. Interestingly, as a result of this optimism, pundits such as Xena boldly suggested that XRP would still not drop below $1 amid the pullback.
In a previous commentary, when Alpha Lions Academy founder Edoardo Farina asked what investors would do if XRP ever fell below $1 again, Vandell Aljarrah, co-founder of Black Swan Capitalist, mentioned that he would procure more XRP tokens at the discount.
Farina himself has persistently urged investors to continue accumulating more XRP tokens, charging them to aim for an investment goal of at least 10,000 XRP. When XRP dropped to $1.9 over the weekend, these 10,000 tokens were worth $19,000. However, at the current price of $2.15, they now go for $21,500.
As a result of the susceptibility to drastic change over small price movements, Farina has urged market participants to procure these 10,000 XRP tokens today while they still can before the market prices the everyday investor out. The primary reason behind his call is the confidence that XRP will soar to the extent that those holding 10,000 tokens would become financially “free.”
How High XRP Needs to Go for You to Retire with 10,000 Tokens
However, the idea of financial freedom, which hinges on the concept of retirement, is relative to each investor. While some individuals can afford to retire with as little as $500,000 in countries with lower living costs, others may require as much as $5 million.
Recently, we assessed how high XRP would need to go for investors holding 10,000 XRP to retire on a $1 million or $5 million plan. Specifically, XRP would have to rally to $100 per token for an investment of 10,000 tokens to reach the $1 million target. Meanwhile, to reach the $5 million target, XRP must surge to $500 per token.
With XRP currently trading for $2.15, it must rally by a massive 4,551% to reach the $100 price mark. Moreover, to claim $500, a greater upsurge of 23,155% is necessary.
Interestingly, several analysts believe the $100 price is achievable. Most recently, The Modern Investors insisted that the fact that XRP is not trading for $100 yet shows the market is still early. Moreover, Farina projected last year that XRP at $500 could be a bargain price worth bragging about by 2029.
However, what do popular predictions say? According to market platform Changelly, XRP could claim the $100 price mark between 2034 and 2040. The platform then suggests that XRP could skyrocket further to reach the ambitious $500 price target by April 2040.
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.
