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.