Ripple’s XRP token is among the most popular crypto assets in the market. It is also among the most utilized currencies for cross-border remittance.
Despite its popularity, XRP’s price has taken a nosedive over the last few years. The asset has not breached the $1 mark since late 2021. It is also down by nearly 84% from its all-time high of $3.40, which it attained in January 2018, over six years ago.
Also Read: Ripple: Two Reasons Why Investors Should Hold Their XRP And Not Sell It
Why Has The Asset Performed Poorly?
Source – Coinpedia
One significant barrier to XRP’s price was the SEC vs. Ripple lawsuit. The financial watchdog filed a suit in December 2020, accusing the fintech company of selling unregistered securities.
Recently, both parties decided to settle the matter, with the fintech company being fined $125 million. The company does not seem to have any legal woes to weigh it down, which could set the stage for XRP to hit new highs.
Also Read: Why Is the Cryptocurrency Market Crashing Today? Explained
How To Be A Millionaire With XRP By 2030?
According to Changelly analysts, XRP could hit a maximum price of $7.54 in 2030. To have a million dollars worth of XRP at $7.54 per coin, you will need about 132,626 coins. The price of 132,626 XRP right now is about $72,944.29. If successful, your portfolio’s value will have grown by about 1271%.
Source: Changelly
Telegaon researchers are almost twice as bullish on XRP than Changelly. The platform anticipates XRP to hit a maximum price of $14.03 in 2030.
Source: Telegaon
To have a million dollars worth of XRP at $14.03 per token, you will need about 71,275.83 tokens.
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The price of 71,275.83 XRP right now is about $39,201.71. In this scenario, your portfolio’s value will have grown by nearly 2451%.