Investors are confident that XRP will clinch new highs this cycle, but the rally expected to turn pennies into fortunes might not materialize anytime soon.

The impact of the broader market downturn on XRP has been evident, as the altcoin has struggled to maintain its footing above the psychologically important $2 mark. However, in recent days, XRP has observed a mild recovery push, up over 5% in the past 24 hours to trade at $2.17.

Analysts Expect XRP to Reach $5 to $10

These frequent instances of recovery efforts have helped XRP hold above $2 despite the ongoing market turbulence. They have also contributed to optimism among investors who believe XRP still has the potential to claim new highs in this cycle. For example, analyst Dr. Cat suggested that XRP’s worst-case scenario for this run would see it hit $4.5.

Meanwhile, others have called for higher price targets. Most recently, market watcher EGRAG Crypto predicted that XRP could hit the Fibonacci level aligning with the $5 mark. However, he identified four signs of strength that are necessary for a run toward this region.

Further, earlier this month, Bitget’s Chief Analyst Ryan Lee projected bullish XRP price goals, with his bull case targeting a maximum of $10. However, Lee’s projected timeline is less bullish than most, as he expects the $10 price to materialize in 2030. Notably, Cas Abbé believes XRP could hit $10 this cycle.

Nonetheless, while a price range of $5 to $10 remains a largely bullish target for XRP, it might not bring the gains some investors expect. For instance, some XRP investors hold 1,000 tokens but look forward to securing fortunes when XRP hits some of these price targets.

Holding 1,000 XRP won’t Make You Rich, even if XRP claims $5 to $10

To put things into perspective, 1,000 XRP tokens are currently worth $2,170 at the current price of $2.17. If XRP secures a 130% increase from here to claim the $5 target, this investment will be worth $5,000, presenting returns of $2,830. While this is a positive ROI, it’s still far from making anyone rich in any country.

Meanwhile, the $10 price target, representing a more substantial 361% gain, would push these tokens to a worth of $10,000. Still, these returns are not sufficient to place the investor among the rich in their space.

For XRP investors to gain substantially in this bull run, they would need to hold larger amounts for when the asset reaches targets such as $5 to $10. For instance, an investor with a balance of 150,000 XRP, currently worth $325K, would see their investment hit $750,000 when XRP hits $5 and $1.5 million when XRP claims $10.

However, an alternative approach to securing larger gains from smaller investments would be to await a more massive XRP price explosion. For this, targets of $20, $50, and $100 have featured among market experts. 

Nonetheless, with its total supply of 100 billion tokens, XRP’s market cap would soar to $2 trillion for a $20 price and $10 trillion for $100. For context, the lower valuation would surpass Bitcoin’s current market cap, which now sits at $1.6 trillion. 

Notable, critics who have questioned XRP’s ability to reach these lofty targets have often cited this market cap effect. Meanwhile, other industry experts have dismissed these concerns, arguing that the market cap does not matter.