$XRP : Turning $1500 into $1000000
Ripple: When Can $1500 Worth Of XRP Become $1 Million?
Ripple’s XRP token has had a few rough years. XRP’s price has failed to breach the $1 in almost three years. The lackluster performance in the last few years is likely due to the SEC’s lawsuit against the fintech company. The SEC accused the company of selling unregistered securities and filed a lawsuit in December 2020.
The lawsuit was recently settled, and Ripple paid a $125 million fine. With the lawsuit out of the way, XRP may finally reveal its full potential. Let’s discuss when $1500 worth of the token will become $1 million.
If you purchase $1500 worth of XRP right now, you will receive about 2586.20 coins. For 2586.20 coins to be worth a million dollars, the price of each coin has to reach $386.66.
The question now becomes when will Ripple’s XRP token hit $386.66. For XRP to hit $386.66 from current price levels, the asset will have to rally by about 66,565.52%.