Ripple’s XRP token witnessed a sudden price spike yesterday, July 31, 2024. The asset went as high as $0.65 but has since fallen back to $0.60. The rally was likely fuelled by investors’ hopes that the SEV vs. Ripple lawsuit would end.
A recent amendment filing by the SEC suggested that the Judge in the Binance lawsuit will not have to pass judgment right now on whether specific cryptocurrencies are securities.
Also Read: Ripple: How To Be a Millionaire When XRP Hits $1.5
Ripple’s lawsuit with the SEC has created significant headwinds for the sixth-largest cryptocurrency by market cap. XRP’s lackluster performance over the last few years has not stopped users. The asset is still one of the most-used currencies for cross-border remittances.
Can $1000 of Ripple’s XRP become $1 million in 2030?
If you buy $1000 worth of XRP, you will receive about 1666.666 coins. According to Changelly, XRP could hit a maximum price of $7.54 in 2030. In this scenario, the 1666.666 XRP tokens will be worth $12,566.66, a growth of over 1150%.
To have a million dollars worth of XRP at $7.54 per coin, you will need about 132,626 coins. The price of 132,625 XRP right now is about $79.575.5.
Also Read: Easy Method To Make $1 Million If Ripple XRP Reaches $1
Telegaon’s Bullish Prediction
Telegaon, on the other hand, is more bullish on Ripple’s XRP token. The platform anticipates the asset to hit a maximum price of $14.03 in 2030.
At $14.03 per coin, the 1666.666 XRP will be worth $23,383.33, a rise of over 2238%. To have a million dollars worth of XRP at $14.03 per coin, you will need about 71,275.83 coins. The price of 71,275.83 coins right now is about $42,765.50.
Also Read: Here’s When XRP Will Climb Above $1 Again
Future Prospects
Ripple’s XRP token may rise higher than predicted if the high court rules in favor of the fintech company in its ongoing lawsuit with the SEC. How XRP and the market will react to these changes remains to be seen.
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