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Crypto analyst Egrag Crypto not too long ago took to X and shared a dialogue with “a top-tier banker.” In line with the banker, holding Ripple’s XRP token “for a decade might yield unimaginable rewards,” maybe as excessive as $2,500 per token.
In line with Egrag Crypto, the banker challenged them to clarify how 40,000 XRP might change into $100 million. The crypto analyst pointed to the token’s decade-long life cycle. For 40,000 XRP to change into $100 million, every Ripple token would wish to commerce for $2,500.
Also Read: Ripple’s XRP to Rally 90% and Hit $1.20: Predicts Analyst
The banker, in the meantime, highlighted Ripple CTO David Schwartz’s prediction about 40,000 ETH reaching $100 million. The banker additionally stated that XRP was repeating a “cycle resembling 2013-2017 however stretched out twice as lengthy.”
Nevertheless, the crypto analyst didn’t reveal the id of the banker or the agency they labored for.
Therefore, by the banker’s estimates, XRP might attain $2500 by 2027.
How a lot of Ripple’s XRP token do you should be a millionaire if it reaches $2500?
If Ripple’s XRP token hits $2500, it might symbolize a whopping development of over 390,000%. Though the determine could seem extraordinarily giant, it isn’t one thing the cryptocurrency business has not witnessed previously. Shiba Inu (SHIB), for instance, grew by many million % simply over one 12 months after its launch.
Also Read: Ripple XRP Price Prediction: New Year 2024
To be a millionaire when XRP hits $2500, an investor would wish 400 tokens. The worth of 400 XRP proper now’s about $256.
Moreover, there was a whole lot of speak about the potential of Ripple’s XRP token getting used as a bridge for CBDC (Central Financial institution Digital Foreign money) tasks. In such a situation, XRP might see a large surge in adoption, which might considerably pump its worth. Some analysts and influencers have even stated XRP might breach the $10,000 mark if used as a bridge forex.
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