Ripple’s XRP token is currently the best-performing cryptocurrency among the top 20 projects in the last week. The asset has rallied by 20% in the weekly charts and more than 13% over the previous month. The recent rally of popular cryptocurrency is likely due to a positive outcome for Ripple in its lawsuit with the US SEC.
Despite the forward momentum, XRP has been down 4.3% in the daily charts, 7.1% in the 14-day charts, and 10.3% since August 2023.
Also Read: Ripple: When Will $500 Worth XRP Become $1 Million?
How Can You Be a Millionaire When XRP hits $10?
Changelly Price Prediction
To have $1 million worth of XRP at $10 per coin, you will need 100,000 coins. The price of 100,000 XRP right now is about $56,000. If this trade comes to fruition, your portfolio’s value would have grown by about 1685%.
Even though the investment sounds appealing, many people are curious about when XRP will reach $10.
According to Changelly analysts, Ripple’s XRP token could breach the $10 mark in 2031, hitting a maximum price of $10.77 for the year.
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Telegaon XRP Prediction
Telegaon researchers are more bullish on XRP, predicting the asset will hit $10.79 in 2029, about five years from now.
XRP may also breach the $10 mark much sooner. One significant barrier to the asset’s price was the SEC lawsuit. Given the recent favorable ruling for Ripple, the seventh-largest crypto by market cap might see a rise in adoption very soon.
Also Read: Ripple: Can $1000 Worth of XRP Become $1 Million in 10 Years?
If more people use the XRP token, its price will likely spike. XRP is already one of the most utilized cryptocurrencies for cross-border remittance, and the figure could see a massive bump over the next few months in light of the lawsuit outcome.