Here’s How Much XRP You Need to Make $1M, $10M or $20M if XRP Hits $8.54

20.01.2024

This article evaluates how much an XRP investor would need to sit on a $1 million, $10 million or $20 million investment if the price of XRP skyrockets to $8.54.

XRP is among the cryptocurrencies that have felt the impact of the ongoing market slump. Notably, XRP is down 12.7% from the $0.6240 peak it reached on Jan. 11. However, Bitcoin has witnessed a steeper dump, having slumped 15.1% from its own Jan. 11 high of $48,969.

Despite XRP holding up better than Bitcoin over the past few days, the altcoin has underperformed in the longer term. Nonetheless, amid a loss of confidence, some market watchers are confident of XRP’s potential to clinch ambitious price targets in the long term.

One of these price targets is the $8.54 goal, which represents a 1,461% price surge from XRP’s current value of $0.5470. As some investors continue to anticipate a rally to these values, speculation on the appreciation rate of their portfolios have emerged.

XRP Needed to Make $1M if XRP Hits $8.54

In the crypto market, the potential for significant returns often sparks curiosity. If XRP surges to $8.54, the journey to a $1 million investment would require acquiring 117,096 XRP. At the current price of $0.5470, investors can get these tokens for $64,051.

Achieving a $1 million valuation from this investment would yield an impressive 1,461% Return on Investment (ROI). Investors would witness their portfolio grow by $935,949, marking a major leap from the initial investment.

XRP Needed to Make $10M if XRP Hits $8.54

Some investors would look to see their portfolio appreciate to $10 million if XRP clinches $8.54. To hit this goal, such an investor would need to secure 1,170,960 (1.17 million) XRP. At the current value of $0.5470, the investor can get these tokens for $640,510.

The journey from $640,510 to $10 million reflects a profit of $9,359,490 ($9.36 million), showcasing the exponential growth potential that the surge in XRP’s value can unlock for astute investors.

XRP Needed to Make $20M if XRP Hits $8.54

A more substantial $20 million investment would require a much greater commitment. If XRP hits the $8.54 target, an investor must hold 2,341,920 (2.34 million) XRP to sit on $20 million. At the current XRP market price, this investment would require a starting capital of $1,278,069.

A portfolio appreciation from $1,278,069 to $20 million would showcase the inherent potential for the crypto scene to bring in fortunes for market participants, representing a massive profit of $18,721,931 ($18.72 million).

Can XRP Reach $8.54?

Meanwhile, just as there is an opportunity for substantial gains, the crypto scene also presents an opportunity for massive losses, and the XRP market is not exempt. The potential for the asset to hit the $8.54 remains contested despite most analysts confident of similar price surges.

For instance, Changelly, a crypto exchange platform, highlighted a potential timeline for XRP to hit this goal in a report today. The Changelly research team believes XRP would hit $1 next year, and clinch $8.54 by 2030 amid a sustained growth rate.