The digital payment network and protocol Ripple uses the XRP currency as its own currency. Similar to the SWIFT system used by banks and financial intermediaries for international money and securities transfers for cross-currency transactions, Ripple's main program is a payment settlement asset exchange and remittance system.

The pre-mined tokens of the cryptocurrency are traded on the stock market under the ticker symbol XRP. Both the network and the company are called Ripple, and the cryptocurrency is called XRP. As a form of temporary settlement layer denomination, XRP functions as an intermediary exchange mechanism between two currencies or networks. Chris Larsen and Jed McCaleb co-founded Ripple, which debuted in 2012.

The idea that XRP is about to see a price surge and change your life still has support from many analysts. While some market observers are targeting modest goals like $3, others are predicting a rise to $5, $10, or even $50.

Considering these pessimistic price predictions, how much would an investor need to invest to become a millionaire if XRP achieves any of the listed milestones?

The inability to capitalize on the recent market gains caused XRP to suffer significant losses, dropping below $0.48. While these price cuts may be concerning to some market participants, they give investors the opportunity to buy Ripple at lower prices.

As reported by The Crypto Basic, well-known chart analyst Egrag claimed in April that XRP selling for less than $1 provided investors with a once-in-a-lifetime opportunity. These views turned to predictions that XRP would soar to new all-time highs.

XRP price is $5

Mason Versluis, founder of Gold Squad, warned investors last month not to underestimate XRP. The crypto influencer casually mentioned a prediction that XRP would rise to $5. If XRP reaches this level, an investor would need to hold 200,000 XRP tokens to make a profit of $1 million.

To buy 200,000 XRP tokens at the current Ripple price of $0.4732, an investor would have to put in $94,640. In other words, if the price of XRP reaches $5 per coin, an investor would need to invest $94,640 to earn $1 million.

XRP price is $10

John Deaton, an attorney who supports XRP, spoke about the possibilities for XRP earlier this month following the ruling in the Ripple vs. SEC lawsuit. The attorney said he expects XRP to surge as a result of a favorable ruling in the case, potentially reaching $10.

If the price of XRP reaches $10, an investor would need 100,000 XRP coins to witness a $1 million investment. At the current exchange rate, $47,430 can buy 100,000 XRP.

XRP price is $50

Well-known expert Egrag said on June 13 that XRP is currently in the accumulation phase. The analyst noted bullish indicators that suggest that the asset’s price is about to rise sharply. Finally, Egrag emphasized that the asset’s trend could lead it to $12 or $50.

If the XRP price reaches $50, a market participant holding 20,000 XRP tokens will have a $1 million investment. At the current price of $0.4732, it would cost $9,464 to buy these 20,000 XRP tokens.

In summary, if XRP reaches $5, investors will need to invest $94,640 to make a profit of $1 million. However, if XRP reaches $10, they will need $47,430 to keep their $1 million investment. If the asset demands $50, investors will need $9,464 to reach millionaire status.

The possibility of XRP achieving these goals is entirely theoretical, so these should not be considered investment advice. As with any cryptocurrency investment, the possibility of future declines exists.