Can you become a millionaire with XRP? At the time of writing, the value of one XRP token is approximately $0.50. Therefore, investors would need around two million tokens to hold XRP worth one million dollars.
However, a study suggests that even having less than 100 XRP could be enough to reach the milestone of being a millionaire. This article asks the question: Is it possible to become a millionaire by purchasing only $50 worth of XRP?
Is the Price Range of $3,500 - $21,900 Realistic for XRP?
A recent study by Valhil Capital indicates that the fair value of XRP will be in the range of $3,500 to $21,900 per token at some point in the future.
This astronomical price range is derived from the results of six different quantitative pricing models.
Currently, approximately 52 billion XRP tokens are in circulation. Assuming a lower value of $3,500 per token, this would correspond to a market value of $180 trillion.
For comparison, the total market value of all cryptocurrencies, including Bitcoin and Ethereum, is only $1.05 trillion. To accumulate a million-dollar fortune at a price of $3,500 per token, you would only need 286 XRP.
A price prediction of $3,500 or higher for Ripple may not seem realistic or possible, except in some hyperinflationary scenario. However, Valhil Capital's striking study claims that it is possible if XRP positions itself as a global currency and store of value.
