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?
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%.
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.
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%.
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