XRP has continued to be the subject of several analyses by market watchers, leading investors to ponder how much they need to rake in $1 million if it ever captures specific price targets.
Notably, these market watchers have made bullish projections for XRP due to the asset’s ability to register solo meteoric rallies. Amid these forecasts are ambitious price targets such as $3.8, $10, and $15 that could skyrocket modest investments to millions.
XRP at $3.8
The Crypto Basic called attention to one of these projections last week. Notably, Crypto Asset Guy, a prominent XRP community figure, pointed out that XRP would need to rally to $3.8 to surpass Ethereum in market capitalization.
At $3.8, an investor must hold 263,157 XRP to sit on a $1 million investment. Interestingly, these 263,157 tokens are currently worth $135,789 against XRP’s current prevalent price of $0.5160.
XRP at $6
Following XRP’s rally to the yearly high of $0.93 two months back, several ambitious price forecasts surfaced. One of these predictions came from CoinsKid, a notable market analyst, who projected a surge in XRP’s value to $6 by the end of the year.
XRP must rally 1,062% from its current price to reach the $6 target. Should this occur, 166,666 XRP tokens would be worth $1 million. Investors can procure these 166,666 tokens for $85,999 at XRP’s current price.
XRP at $10
Following another lofty price prediction by a market watcher, the XRP community slipped into a debate on the possibility of XRP hitting $10. A community member asserted that the asset’s highest figure could be $10 in the coming bull rally.
However, other community members have cast doubt on XRP witnessing a $10 price, leading to a long-standing debate. Should XRP hit $10, it would take 100,000 tokens to hold $1 million. These tokens currently go for $51,600.
XRP at $15
The $15 ambitious price target was the product of two analyses from different chartists. One of them, EGRAG, projected in June that XRP could skyrocket to $15 from July to December. EGRAG leveraged historical data to make this projection.
The second chartist is a member of BitBoy Crypto, who asserted that a $15 target for XRP is a reasonable prediction. At $15, 66,666 XRP would be worth $1 million. These tokens are currently valued at $34,399, allowing investors to see returns of over $965K.
However, it is essential to note that these projections come from mere analyses of XRP’s price and should not serve as investment advice. XRP’s ability to hit $15, $10, or even $3.8 remains debatable.
