If XRP sees a 100,000% price growth, an individual who has invested $1,000 in XRP today stands to become a millionaire.
As of today, XRP trades at $0.5272, reflecting a 5.73% drop over the past week and a 9% decline over the last 30 days. A $1,000 investment would yield approximately 1,897 units of XRP at this price.
While this may seem modest, investors stand to gain significantly if XRP reaches some of the bullish price growth predictions circulating among analysts. This article explores the potential returns on a $1,000 investment if XRP experiences price increases of 1,000%, 10,000%, or even 100,000%.
Returns on $1K Investment in XRP if XRP Rises 1,000%
At the current price of $0.5272, if XRP expands by 1,000%, its value will increase 11-fold to approximately $5.80. Accordingly, the original $1,000 XRP investment would be worth $11,001, with the investor netting a profit of $10,001.
Remarkably, numerous market watchers are convinced that XRP will reach $5.80 in this bull cycle. In a May analysis, EGRAG identified a triangular pattern on XRP’s chart and predicted two possible price targets. One was a breakout that could drive XRP’s price to $5.89.
Earlier, market analyst Dark Defender also projected that XRP could rise to $5.85 following a 20% surge in March. He believed that XRP had breached a key resistance level, paving the way for a potential rally to $5.89. However, this prediction has yet to materialize.
Returns on $1,000 Investment in XRP if XRP Rises 10,000% or 100,000%
While a 1,000% rally would be enough for XRP to surpass its 2018 all-time high, some analysts believe far greater growth is possible.
If XRP’s price increases by 10,000% from $0.5272, the token will trade at approximately $53.24. At this point, a $1,000 investment in XRP would be worth $101,009, netting a profit of over $100,009.
Likewise, should XRP expand by 100,000%, its price would attain $528. At this point, a $1,000 investment in XRP would have made the investor a millionaire with over $1 million in ROI.
Can XRP Rally 100,000%?
In July, wealth advisor Mickle predicted a 100,000% surge in XRP’s price, pointing to its historical pattern of underperformance followed by explosive growth. He noted that XRP surged by 75,000% in 2017 and believes a similar 1,000x gain could occur again.
However, in a more recent analysis, the analyst “CrediBULL” argued that a repeat of the historic 100,000% rally is unlikely. Meanwhile, he noted that although a smaller gain of 10,000% could still be substantial during this bull run.
On the other hand, analyst Michael XBT dismissed the idea of a 10,000% or higher price surge for XRP, calling it a “pipe dream.” He believes a 1,000% rally is more realistic, but even that might be a stretch.
Critics supporting Michael’s view argue that such massive price rallies are unrealistic since XRP’s market cap would need to approach that of gold.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
