How To Earn $1 Million When XRP Hits $4.5?

0
12

Rippleā€™s XRP token shows signs of a recovery, rallying 1.3% in the daily charts, 1.2% in the weekly charts, and more than 11% since October 2023. Despite the slight recovery, the asset is still down by 14.1% in the 14-day charts and 7.6% over the previous month.

XRP
Source: CoinGecko

Also Read: The Simpsons Predict Bitcoin and XRP: Should We Pay Attention?

Factors Contributing To XRPā€™s Potential Surge And Future Price Predictions

The latest rally could be due to Bitcoin (BTC) reclaiming the $64,000 mark. XRP and the market resurgence may be due to the coming US Presidential elections. Many analysts anticipate a market-wide rally if Donald Trump enters the Oval Office after being voted out of power in 2020. Trumpā€™s pro-business and pro-crypto policies may have led investors to take positions in the market.

How To Be A Millionaire When XRP Hits $4.5?

To have a million dollars worth of Rippleā€™s XRP token, when each coin is worth $4.5, you will need about 222,222.22 coins. The price of 222,222.22 XRP right now is about $117,777.77. If the trade is successful, your portfolioā€™s value will rise by about 749%.

Also Read: Warren Buffett & Cathie Woodā€™s Top Stock Pick: Should You Invest Too?

Predictions For XRPā€™s Price Target

While the rise is commendable, the question is when the asset will hit the $4.5 level.

According to Changelly, Rippleā€™s XRP token could hit the $4.5 target sometime in 2029, about five years from now. The platform predicts the asset will trade at a maximum price of $5.04 in 2029, a rise of about 850% from current levels.

RippleRipple
Source: Changelly

Also Read: Americans Are Massively Buying Gold Bars at Costco

Telegaon analysts are more bullish on XRP than Changelly. The platform anticipates the asset to hit the $4.5 mark sometime in 2026, about two years from now. Telegaon predicts XRP to trade at a maximum price of $5.18 in 2028, a rise of about 877% from current levels.

Source: Telegaon

Credit: Source link

ads

LEAVE A REPLY

Please enter your comment!
Please enter your name here