Ripple’s XRP token continues its struggle to break past the $0.55 level. The asset has faced quite a correction over the last few days. XRP’s price is down 2.4% in the daily charts, 2.2% in the weekly charts, 0.5% in the 14-day charts, and more than 10% over the previous month. The asset has maintained some gains in the yearly charts, up by a mere 1.5% since October 2023.
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Despite the lackluster performance, Ripple’s XRP continues to be a popular cryptocurrency. It is one of the most utilized assets for cross-border remittances.
That said, let’s discuss how long it takes to turn $1000 worth of XRP into $500,000.
When Will The $1000 Worth Of XRP Become $500,000?
If you purchase $1000 XRP today, you will receive about 1886.79 coins. For 1886.79 XRP to become $500,000, each coin’s price has to reach nearly $265. Hitting $265 from current price levels will require a rally of about 49,900%.
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According to the analysts at Changelly, Ripple’s XRP token may hit the $265 mark sometime between 2033 and 2040, about nine to sixteen years from now. The platform anticipates XRP hitting a potential maximum price of $413.67 in 2033, a rise of about 77,950% from current price levels. Changelly further predicts XRP hitting $525.55 by 2050, about 26 years from now.
The researchers at Telegaon, on the other hand, are much more bearish on Ripple’s XRP token. The platform does not anticipate the asset breaching the three-digit mark by 2040. According to Telegaon’s prediction, XRP could trade at a potential maximum price of $50.34 in 2040, a rise of about 9,398% from current price levels.
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According to Changelly’s estimates, you could turn $1000 worth of XRP into $500,000 in about nine to sixteen years. On the other hand, Telegaon’s estimates suggest you will have to wait for more than 16 years for the same growth.