Ripple: How Many XRP Tokens Do We Need to Hit $1 Million?

Recently, $XRP has seen a 6% daily gain, approaching the $0.55 mark for the first time since early May. Although XRP has experienced a slight decline and is trading at $0.5343 at press time, the asset’s recent uptrend has sparked discussions about its potential to hit new highs. Some investors are considering the prospect of XRP reaching $3.84 (previous all-time high).

Calculating the Investment

Let’s break down the numbers to understand the potential windfall of XRP reaching $3.84. Getting a $1 million portfolio from XRP at this price would require approximately 260,416 XRP tokens. At the current price of $0.534, purchasing these tokens would require an initial investment of $139,218, which is only 13.92% of the $1 million goal. The calculation is simple, with a target value of $3.84 per XRP; $1,000,000 divided by $3.84 yields 260,416 XRP. At current market prices, the cost of purchasing these tokens would total about $139,218.

If Ripple’s XRP reaches $3.84, today’s investors could see returns of more than 618%. Such potential gains highlight the appeal of investing in XRP now, especially given the relatively low initial capital required compared to the impressive possible returns.

Despite the optimism, some investors remain cautious. This skepticism stems from XRP’s historical performance. XRP hit an all-time high of $3.84 six years ago, and even in subsequent bull cycles, XRP has struggled to reach such peaks again. As of the latest bull run, XRP has not broken the $0.70 mark since March, and there are doubts about whether it can break $1 in the near future.

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