Ripple XRP: How To Be a Millionaire if XRP Reclaims $3.40 Peak?

Ripple’s XRP token has shown slow progress over the last few weeks. The asset is struggling to overcome the $0.55 barrier. XRP has faced a 1.8% correction in the daily charts and a 5% correction in the weekly charts. However, the token is still up by 2.7% in the 14-day charts and 4.2% over the previous month. Moreover, XRP’s price has surged by 36% since February 2023.

Source: CoinGecko

Also Read: Ripple XRP: Machine Learning AI Predicts Price for March 1, 2024

To be a millionaire when Ripple’s XRP reclaims its all-time high of $3.40, you will need 294,117.64 tokens to have one million dollars worth. The price of 294,117.64 tokens right now is about $155,882.35. If XRP hits $3.40, your portfolio’s value will surge by around 541%.

When will Ripple’s XRP token reclaim its all-time high of $3.40?

Ripple (XRP) Aims for Massive Breakout from 3-Year Symmetrical Triangle

XRP is currently down by over 84% from its all-time high of $3.40, which it attained in January 2018, over six years ago. The asset did not rally much during the 2021 bull run, likely due to Ripple’s ongoing lawsuit with the SEC (Securities and Exchange Commission).

According to Changelly, XRP could reclaim its all-time high sometime in 2028. The platform predicts a maximum price of $3.77 for the year. However, for 2024, Changelly anticipates XRP to reach a maximum price of $0.90380961, a rise of about 70% from current levels.

Also Read: Ripple XRP: Will a Spot ETF Push The Asset To $5?

Telegaon, on the other hand, is more bullish on Ripple’s XRP token. The platform anticipates XRP to reclaim its all-time high in 2025, predicting a maximum price of $3.97 for the year. Moreover, the platform expects XRP to reach $2.28 in 2024, a rise of about 330% from current levels.

Ripple’s lawsuit with the SEC is currently in the US high court. If the high court rules favorably for the fintech company, XRP’s price may surge sooner than anticipated.

  • Ripple
  • xrp

Comments

Post a Comment

Popular posts from this blog

Tron rising as Rebel Satoshi’s Early Bird presale phase sells out

Rebel Satoshi presale ongoing.  Supporters bullish on RBLZ  TRON could soar to $0.2 in 2024. Tron (TRX) is on a tear, but some analysts are still skeptical. Amid this, Rebel Satoshi (RBLZ), a new crypto project, has caught the attention of investors. Rebel Satoshi draws investors Rebel Satoshi has been attracting investors with its unique blend of a meme coin and a movement focused on reshaping the crypto landscape.  As investors seek alternatives to underperforming assets, they are drawn to Rebel Satoshi’s narrative and Features . At the heart of Rebel Satoshi lies RBLZ, a governance and membership token. You might also like: Analysts focus on Rebel Satoshi, Shiba Inu, and Zcash ahead of crypto bull run Holding RBLZ grants a stake in the movement and provides access to quests, rewards, and a community dedicated to shaping a fully decentralized crypto future. The early stages of Rebel Satoshi’s public presale have seen over 10 million tokens sold within just 48 ho
Read more

Rebase Tokens: What Are They & How Do They Work?

Image
If you're interested in cryptocurrency, you've probably noticed that the price of many digital assets can be highly volatile. This can make it challenging to use cryptocurrency as a means of exchange or as a store of value. Rebase tokens, also known as elastic tokens, seek to offer a solution to this problem.  In this article, we'll explore what rebase tokens are, how they work, and whether or not they might be a good investment for you.  What Are Rebase/Elastic Tokens? Rebase tokens are a type of cryptocurrency that adjusts their supply to maintain price stability. This is in contrast to traditional cryptocurrencies, which have a fixed supply determined at the time of their creation. Rebase tokens achieve price stability through a process known as a "rebase," which is triggered at regular intervals (e.g., every 24 hours). During a rebase, the supply of the token is adjusted based on a predetermined formula.  For example, if the demand for a re
Read more

Lloyds Bank issues urgent warning of crypto scams in the UK

Image
A recent press release issued by Britain’s Lloyds Bank shares that crypto scams that have surged 23% over the course of the year. Young investors between the ages of 25 and 34 years old are said to be the most prevalent target for these attacks. Social media home base The press release goes on to report victims of crypto investment scams are facing an average loss of £10,741, marking an increase from the previous year’s £7,010.  Additional data goes on to state that 66% of all investment scams originate on social media platforms, with Instagram and Facebook emerging as the primary sources. You might also like: Kraken helps UK police in recovering $2m in stolen crypto Crypto investors were then said to make an average of three payments before realizing they were involved in a scam, meaning that it would often take 100 days from the date of the first transaction before a report was issued to the bank. Unfortunately, by the time it was, Lloyds shares that the money is ty
Read more