Crypto enthusiasts holding at least 10,000 XRP could potentially become millionaires if multiple predictions of a significant price rally to three-digit figures come true.
Crypto expert The Crypto Asset Guy is the latest analyst to forecast that holders of 10,000 XRP could achieve millionaire status, suggesting that XRP may eventually hit a price of $100. This follows similar predictions from other prominent analysts, adding to the growing anticipation around the XRP Ledger (XRPL) native token.
Multiple Predictions Point to XRP Price Surge
Several analysts have predicted that XRP could reach $100 in the future. Market commentator Xena recently noted that the increasing bullish sentiment within the XRP community could drive the assetâs price past the $100 mark. Analyst Zain Haider shared a similar outlook but attributed XRPâs potential surge to its increasing utility, partnerships, and market demand. He believes that these factors could propel XRP to three-digit levels in the coming years.
If XRP does reach $100, holding 10,000 XRP would indeed make one a millionaire, as Crypto Asset Guy recently suggested. Acquiring 10,000 XRP at its current price of around $0.54 would cost approximately $5,370. Should XRP hit $100, this would represent a staggering 18,900% return on investment.
For those who bought XRP at its yearly low of $0.4198 in early July, the cost of 10,000 XRP would have been just $4,198. If XRP reaches $100, such an investment would yield a 24,000% return.
XRP's Recent Struggles
Despite these optimistic predictions, XRPâs profitability has been somewhat lackluster in recent years. Its last significant bull run occurred in 2018, and the asset missed the 2021 crypto bull market due to regulatory challenges, particularly the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Meanwhile, other assets like Solana and Shiba Inu experienced explosive growth, with Solana surging by 10,000% from 2020 to its all-time high and Shiba Inu skyrocketing over 1,000,000% during the same period. In contrast, XRP saw a more modest increase of around 800% during the 2021 bull run, peaking at $1.96.
Even after Rippleâs partial victory against the SEC in August 2023, which cleared some regulatory uncertainties, XRPâs price struggled to gain momentum, remaining below $1. The asset has been trading between $0.40 and $0.93 for several years, last surpassing $1 in December 2021.
Despite this, XRP has shown remarkable performance in the past. It soared by 138,000% from its all-time low of $0.002802 to an all-time high of $3.84. Additionally, XRP has consistently ranked among the top ten cryptocurrencies by market capitalization, maintaining its significance in the broader crypto ecosystem.
XRP Gaining Bullish Momentum
Rippleâs legal victory against the SEC has reignited optimism around XRP and the broader XRPL ecosystem. With the SECâs failure to classify XRP as a security, concerns about the tokenâs adoption have diminished, boosting confidence in its future prospects.
Rippleâs growing influence in the payment settlement industry has also contributed to the bullish momentum. In August, Ripple partnered with the SBI Digital Community to expand the use of XRPL in the Web3 space. The company also collaborated with Futureverse to provide crypto custody services, further solidifying its position in the sector.
Additionally, Ripple is making moves in the stablecoin market, with CEO Brad Garlinghouse announcing the upcoming launch of the RLUSD stablecoin in the coming weeks, signaling further expansion of Rippleâs ecosystem.
Conclusion
As analysts continue to predict a potential surge in XRPâs price, the possibility of reaching $100 is fueling excitement among investors. For those holding 10,000 XRP, such a price target could turn their holdings into a million-dollar investment. Despite recent struggles, XRPâs historical performance and growing utility within the Ripple ecosystem suggest that the token still has significant potential for future gains.
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