XRP has a high probability of soaring in price soon, and this article highlights how many tokens need to accumulate to make $1 million if the price soars to $38.5 or $46.5.
XRP is one of the most undervalued digital currencies in the market. Based on this, projections of a potential explosive surge have stolen the spotlight. To prepare for the bullish future ahead, investors have a chance to make up to $1 million if they time the market right.
XRP has been showcasing a bearish trend thus far this week, presenting a buying window for investors looking at holding for a long time.
The $1M XRP Bag
For whale investors, hitting the $1 million price mark might be an easy feat as they can inject more cash and capitalize on smaller gains. However, for retail investors, the dynamics change considerably.
Hypothetically, if the price of XRP soars to a high of $38.5, a $1,000,000, any investor will need exactly 25,974 XRP to hit this valuation.
With the current price of XRP pegged at $0.5242, up by 3.84% in the past 24 hours, an investor will need to invest $13,615 to acquire that much quantity of XRP.
A similar computation applies should the price of XRP touch the $46.5 price mark. Here, a $1 million price will amount to 21,505 XRP, which can be acquired for a price of $11,272.
The Major Twist
It is not uncommon to print millions of dollars in profits from small capital as the crypto ecosystem is full of surprises.
However, it seems unrealistic for XRP to touch $46.5 or any price above, seeing its capitalization based on the current circulating supply of 54.4 billion XRP, which will be unimaginably high.
Unless XRP adopts an aggressive deflationary approach sometime in the future, its chances of hitting $46.5 are slim, and investors might need a strong conviction if they desire to invest as little as $11,272 to print millions in profit decades later.