Ripple: How To Be A Millionaire When XRP Reclaims ATH

The Ripple (XRP) market has endured quite a struggle over the years following its legal battle with the Securities and Exchange Commission (SEC). The altcoin hit an all-time high of $3.84 about seven years ago 2018.

Most assets have attained new highs over the past few years. Throughout the past year, XRP surged to a high of just $0.71, which is much lower than its peak.

Current Market Price

Also Read: Bitcoin (BTC) & Ethereum (ETH) Price Prediction For September 2024

XRP is trading at $0.5894, with a nearly 1% drop over the past 24 hours. Furthermore, according to data from Coinglass, XRP has a long-to-short ratio of 52.44%. With a higher percentage of shorts than longs, this ratio indicates a bearish outlook in the market. This means that more investors appear to anticipate a decrease in asset price.

Source

Also Read: Is Bitcoin Headed for a Drop? The Ripple Effect of Fed’s Moves

Becoming a Millionaire with XRP

How Much XRP Should You Buy to Become A Millionaire?

Recent data from Changelly revealed that XRP will take a while to reclaim its all-time high. The altcoin will reach the $3 mark in 2028 and eventually peak at $3.57 in the same year.

XRP investors must patiently hold on to their assets before seeing them change into a life-changing profit. But how much should they hold?

Calculating the Required Investment

According to calculations, an investor needs 30,000 tokens to become a millionaire. At the altcoin’s current price, 30,000 XRP would cost about $17,682.

Also Read: Ethereum in Classrooms: Argentina’s Bold Move Sparks Crypto Revolution

While this may be relatively large, it could be life-changing shortly. A favourable regulatory climate and the overall surge in the market could push the asset to the top earlier than the estimated prediction.

  • crypto
  • cryptocurrency
  • Ripple
  • xrp

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