XRP’s price has faced recent headwinds, particularly after the SEC filed a Notice to Appeal Judge Torres’ August 7th ruling. Despite this, analysts remain bullish on XRP’s prospects for the upcoming bull market. Let’s explore how much XRP investors would need to hold to potentially reach $1 million or $5 million based on optimistic price targets.

$1 Million at $5 Per XRP

To achieve $1 million when XRP hits $5, an investor would need to own 200,000 XRP tokens. This straightforward calculation assumes holding XRP until it reaches the $5 price target.

Several catalysts could drive XRP to $5, including the upcoming RLUSD launch enhancing XRPL ecosystem liquidity and a potential Bitwise XRP ETF boosting demand and investor confidence. If these developments materialize as expected, XRP surging to $5 or higher becomes more plausible.

$5 Million at $10 Per XRP

For a $5 million target at $10 per XRP, an investor would require 500,000 XRP tokens. While ambitious, this scenario is not without precedent. XRP has rivaled Ethereum’s market cap three times since 2020. If XRP were to match Ethereum’s current market cap, it would be priced around $7, making $10 seem more attainable.

Will XRP Reach $5 or $10?

XRP’s potential to hit these price targets depends on market trends, the SEC v. Ripple lawsuit outcome, and the anticipated 2024 bull run.

Analyst Armando Pantoja argues XRP is not in a bear market despite SEC pressure, citing factors like its 2020 rally from $0.11 to $2 and tight Bollinger Bands. Trader EGRAG Crypto predicts XRP could reach $5-6, potentially extending to $10 with strong buying pressure.

A Ripple victory over the SEC could propel XRP beyond $10. Pro-XRP lawyer Fred Rispoli estimates a 70-80% chance of Ripple prevailing, which could significantly boost XRP’s price.

Conclusion

Investors need between 200,000 to 500,000 XRP to potentially achieve returns of $1-5 million. Key catalysts that could drive XRP to these levels include Ripple defeating the SEC and the onset of a new crypto bull market. While ambitious, these scenarios are within the realm of possibility given XRP’s history and potential catalysts on the horizon.

Frequently Asked Questions (FAQs)

How much XRP do I need to hold to make $1 million if the price reaches $5?
To make $1 million if XRP hits $5, you would need to hold 200,000 XRP.

To make $5 million if XRP hits $10, you need to hold 500,000 XRP.

Yes, if Ripple wins against the SEC, XRP’s price could surge significantly. Pro-XRP lawyer Fred Rispoli estimates a 70-80% chance of Ripple winning, which could help push the price beyond $10.

Disclaimer: The information provided is for educational purposes only. Cryptocurrency investments carry high risk. Always conduct thorough research before making any investment decisions.