Here’s How Much XRP You Need to Make $1M, $5M, or $10M If XRP Hits only $2

To become an XRP millionaire, this article calculates how many units to hold when the coin’s price hits $2.

Becoming an XRP millionaire takes a well-calculated strategy and planning that must start now. With volatility the defining order in the crypto ecosystem, acquiring XRP today gives investors a fair chance of hitting $1 million or more in earnings, but how many must one buy now? 

Investment Plan to Become an XRP Millionaire

At the time of writing, XRP is worth $0.6148 after it saw a total of $738,283,501 traded on exchanges in the past 24 hours. Determining the quantity to buy now to rake in $1 million at $2 entails dividing the potential $1,000,000 target by $2. This ultimately gives 500,000 XRP.

To factor in what this projected unit will cost now, we can multiply 500,000 XRP by the current price of the asset which comes in at $307,400. 

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This same calculation holds for an investor aiming to make $5 million and $10 million when XRP eventually climbs back to the $2 price level. To hit the $5 million mark, the investor must buy a total of 2,500,000 XRP now, a quantity valued at $1,537,000 at current price levels.

As discovered thus far, making a millionaire in long term XRP trading is possible, however, it requires an enormous capital base. To hit $10 million, an investor has to hold 5,000,000, XRP by setting aside $3,074,000 at current price level.

While the seed capital appears huge, the potential returns if XRP eventually touches $2 notably makes the bet worth it.

Why $2 Price is Pivotal

XRP is arguably one of the most sensitive digital currencies in the market, but since the Ripple vs SEC lawsuit broke out, it has maintained a conservative growth trend. Despite the positive ruling pronounced by Judge Analisa Torres in July, XRP failed to reach the $1 resistance point.

Experts have weighed in on its growth trend with XRP holders’ lawyer John Deaton projecting that the real FOMO – Fear of Missing Out on XRP will set in when the cryptocurrency touches the $2 price target.

With XRP’s All-Time High (ATH) pegged at $3.84, the $2 level remains a pivotal point to watch in breaching its historic high.

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• Source: https://thecryptobasic.com/2023/12/07/heres-how-much-xrp-you-need-to-make-1m-5m-or-10m-if-xrp-hits-only-2/?utm_source=rss&utm_medium=rss&utm_campaign=heres-how-much-xrp-you-need-to-make-1m-5m-or-10m-if-xrp-hits-only-2