Ripple’s XRP token is one of the most popular currencies for cross-border remittances. Despite its popularity, the asset has faced significant headwinds over the last few years, likely due to Ripple’s lawsuit with the SEC.
XRP hit an all-time high in January 2018, over six years ago. Most other assets hit new highs during the 2021 bull run, but XRP failed to do so.
Also Read: Ripple: VanEck Prediction Paves Way for XRP to Hit $25
How Much XRP Do You Need To Be a Millionaire in 10 Years?
To have a million dollars worth of XRP at $27.49 per token, you will need about 36,376.86 coins, currently costing about $18,552.20.
To have a million dollars worth of XRP at $23.48 per coin, you will need about 42,589.43 coins. The price of 42,589.43 XRP right now is about $21,720.61.
Also Read: Ripple XRP Rebounds: Tackling Volatility and Uncertainty
Based on the data from Changelly and Telegaon, you could become a millionaire in 10 years, but your investment capital has to be much larger than just $1000.
The Impact of the SEC vs. Ripple Lawsuit
The SEC vs. Ripple lawsuit may end soon. A favorable ruling for the fintech company could be a boon for XRP, taking the asset to new heights.
Potential Future Value
If you buy $1000 worth of the token today, you will receive about 1960.78 coins.
According to the analysts at Telegaon, XRP could hit a maximum price of $27.49 in 2035. The platform does not predict 2034 or ten years from now. In this scenario, the 1960.78 coins will be worth $53,901.96.
Changelly expects XRP to hit a maximum price of $23.48 in 2033. Like Telegaon, Changelly does not have a prediction for 2034. At $23.48 per coin, your holding of 1960.78 coins will be worth $46,039.21.
Also Read: Ripple: When Will $500 Worth XRP Become $1 Million?
Both forecasts suggest that $1000 worth of Ripple’s XRP may not yield $1 million in 10 years.