How Much XRP Do You Need To
Become A Crypto Millionaire By 2025?
Nobody expected this. Yet, here we are. So, what’s driving this surge? And how much $XRP do you need to become a millionaire?
What’s Going on with $XRP?
Right now, $XRP is taking over social media—Instagram, TikTok, X, you name it. But not long ago, Raoul Pal shared a video on X, warning against buying ‘old’ coins like Cardano and $XRP.
Things have certainly changed. Just take a look at the $XRP chart. It’s incredible—a massive surge. Over the last 30 days, $XRP skyrocketed by 439%. That’s a parabolic rise, no doubt. But how did it jump from 50 cents to $2.71 in just one month? Especially considering it’s been stuck around the 50-cent mark for the past two and a half years?
I can understand Raoul Pal’s perspective. There were other projects during that time that offered higher returns. Yet, here we are.
The SEC vs Ripple
The first major shift happened with Ripple’s battle against the SEC. This legal fight has been ongoing since 2020. The SEC claims Ripple raised $1.3 billion by selling $XRP as an unregistered security.
Now, the big news: SEC chair Gary Gensler will be stepping down in January. Under President-elect Trump, we may see a much more crypto-friendly replacement for this position.
On January 20, 2025, I will be stepping down as @SECGov Chair.
A thread 🧵⬇️
— Gary Gensler (@GaryGensler) November 21, 2024
This change could be a game-changer for Ripple. It’s not just Ripple that could benefit; there are numerous other crypto projects facing SEC scrutiny. All of these could see a positive shift. If Ripple wins in court and accelerates the move to final judgment, it could cut down on unnecessary delays and legal expenses—another boost for $XRP.
With this, Ripple is now on a clearer path to achieving its original goal: enabling fast and low-cost international payments. This improved clarity has sparked greater institutional interest, providing another reason to be optimistic about the future of $XRP.
What Happened to $XRP?
Currently, $XRP is making waves on all social media platforms—Instagram, TikTok, X (formerly Twitter), and more. Just recently, Raoul Pal shared a video on X advising against buying older coins like Cardano and $XRP. But now, things have taken a dramatic turn.
$XRP’s Growth is Unbelievable
In the past 30 days, $XRP has seen a 439% increase, with the price jumping from 50 cents to $2.71. This explosive rise is hard to ignore, especially considering the coin had been hovering around the 50-cent mark for over two years.
- Previous Challenges: Raoul Pal’s warnings were not unfounded, as some projects did offer better returns during this time.
- But Look at $XRP Now: It’s breaking barriers and catching the world’s attention.
SEC vs. Ripple: A Game-Changer
The first major shakeup came with Ripple’s battle against the SEC, which has been ongoing since 2020. According to the SEC, Ripple raised $1.3 billion through unregistered sales of $XRP.
Recent Developments
- Gary Gensler’s Departure:
- SEC Chair Gary Gensler will step down in January 2025. This change could lead to a more crypto-friendly environment, potentially benefiting Ripple and many other crypto projects under SEC scrutiny.
- Ripple’s Opportunity:
- With the SEC case potentially moving toward a quicker resolution, Ripple is poised to fulfill its original vision of offering low-cost, fast international payment solutions.
$RLUSD and $XRP ETFs: A New Era?
Ripple recently launched $RLUSD, a stablecoin pegged 1:1 to the USD. The New York Department of Financial Services (NYDFS) might approve it soon, and there are rumors that the stablecoin’s official launch could happen soon.
$RLUSD Stablecoin
- Competition:
- Competing with the likes of Tether ($USDT) and Circle’s $USDC, $RLUSD may be the next big thing in stablecoins.
- ETFs on the Horizon: The potential approval of $XRP ETFs is gaining attention. Major firms like 21Shares, Canary Capital, and Bitwise are all vying for $XRP spot ETF approval.
This development opens up the possibility for both retail and institutional investors to gain exposure to $XRP without directly purchasing tokens.
Technical Analysis (TA) for $XRP: What’s Next?
Looking at the chart, it’s difficult to give a definitive technical analysis due to the explosive nature of the recent rise. However, here’s what we know:
- 2017 Parabolic Candle:
- The price spike in 2017 followed by a sharp fall serves as a cautionary tale. If history repeats itself, $XRP could experience a similar pattern.
- Resistance Point:
- $XRP’s next key resistance level is its previous all-time high of $3.40, reached in January 2018.
How Much $XRP to Become a Millionaire?
If you’re wondering how many $XRP tokens you need to become a millionaire, here’s the breakdown:
- At $2.59 per $XRP: You’ll need 386,100 tokens to hit $1 million.
- At $3.40 (ATH): You’ll need 294,118 tokens.
- At $4: You’ll need 250,000 tokens.
- At $5: You’ll need 200,000 tokens.
- At $10: You’ll need just 100,000 tokens.
What’s Next for $XRP?
With $XRP now reaching the third spot by market cap, it’s showing strong signs of growth. But the big question remains: Will it continue to rise?
- Potential for Continued Growth:
- If $XRP reaches or surpasses its previous all-time high of $3.40, we might see further gains.
- Is This a Short-Term Pump?:
- While the recent rise is exciting, will it be a sustained trend, or is it just another short-lived pump?
Final Thoughts:
The rise of $XRP is truly remarkable, and whether it will sustain or fall back to its previous levels remains to be seen. But for now, it’s an exciting time for XRP holders and potential investors.
