Here’s How Much Your 10K XRP Would be Worth if XRP Hits $2, $6, $10 or $50
The post Here’s How Much Your 10K XRP Would be Worth if XRP Hits $2, $6, $10 or $50 appeared on BitcoinEthereumNews.com.
Investors holding just 10,000 XRP could experience substantial returns on their investments depending on XRP’s top price for the ongoing bull market. The crypto market is currently witnessing a pause on the current bull run following rapid price surges from Q4 2023 to Q1 2024. Bitcoin (BTC), the largest crypto asset, clinched a new all-time high alongside a few altcoins. However, XRP failed to even breach the $1 level, facing resistance at $0.7440 in March. XRP Accumulation Steadies Despite the underwhelming performance, multiple market commentators believe XRP would not miss out on this bull phase despite concerns raised by veterans such as Raoul Pal. Amid this optimism, several bullish projections have sprung up. As a result, accumulation remains at a reasonable level, with shrimp addresses leading the charge. Data from Rich List confirms that addresses holding between 10,000 and 25,000 XRP have surged to 150,541 at press time. Further, the XRP market now boasts about 284,567 addresses holding 10,000 XRP and more as optimistic investors sustain the accumulation push. According to Santiment, wallet addresses holding between 1,000 and 10,000 XRP have procured 30 million XRP since August, with their cumulative holdings now sitting at 1.95 billion tokens. Meanwhile, those with 10,000 to 100,000 XRP have purchased 120 million XRP within the same timeframe, now holding 6.97 billion tokens. XRP Addresses | Santiment Investors looking to enter the 10K club would have to spend $5,800 to procure the 10,000 XRP tokens. However, these assets would skyrocket in value if any of the price targets for XRP materializes. Worth of 10K XRP at Varying Price Targets Last November, market analyst EGRAG predicted that XRP could rally to $2 amid the formation of a “Steel Foundation.” Should XRP claim this $2 price, the 10,000 XRP tokens would grow to be worth $20,000, presenting…
Filed under: News - @ October 3, 2024 1:27 pm