Category: Crypto News

Reach millionaire status with XRP?

By Published On: April 11, 20241.4 min readViews: 2390 Comments on Reach millionaire status with XRP?

In a recent video, analyst Cheeky Crypto delved into the intriguing question: “How much XRP do you need to retire or become a millionaire?” With the cryptocurrency market as dynamic as ever, this discussion sheds light on the potential financial implications of holding XRP.

Currently, XRP is priced at approximately 62.2 cents, with a circulating supply of around 54 billion XRP. Despite recent legal challenges, Cheeky Crypto remains optimistic about XRP’s future, anticipating a bullish move once the lawsuit with the SEC concludes.

Come to my page!

To calculate the amount of XRP needed to achieve various financial milestones, Cheeky Crypto outlined potential price targets ranging from $5 to $589 per XRP. At $5 per XRP, one would need 200,000 XRP to reach $1 million. Meanwhile, achieving the same milestone at $10 per XRP would require 100,000 XRP, and at $12 per XRP, it would require 83,333 XRP.

“Anyone who believes XRP is going to reach $589 or even higher is that we would need to see a significant amount of money flowing in. Now, market cap is not a representation of liquidity. It does not mean that we have to see $32 trillion flowing into XRP,” he said.

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However, Cheeky Crypto also stressed the importance of realistic expectations, cautioning against overly optimistic projections. While $589 per XRP may seem enticing, he pointed out the  challenges involved in reaching such astronomical prices.

He added, “The other day I was talking about $5 to $12 being the most logical area that we’re likely to see XRP kind of rally up to. It does mean a new all-time high, and I do expect us to find a lot of resistance up in that range.”

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