Ripple’s XRP token continues its struggle to break past the $0.55 level. The asset has faced quite a correction over the last few days. XRP’s price is down 2.4% in the daily charts, 2.2% in the weekly charts, 0.5% in the 14-day charts, and more than 10% over the previous month. The asset has maintained some gains in the yearly charts, up by a mere 1.5% since October 2023.
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Source: CoinGecko
Despite the lackluster performance, Ripple’s XRP continues to be a popular cryptocurrency. It is one of the most utilized assets for cross-border remittances.
That said, let’s discuss how long it takes to turn $1000 worth of XRP into $500,000.
When Will The $1000 Worth Of XRP Become $500,000?
If you purchase $1000 XRP today, you will receive about 1886.79 coins. For 1886.79 XRP to become $500,000, each coin’s price has to reach nearly $265. Hitting $265 from current price levels will require a rally of about 49,900%.
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According to the analysts at Changelly, Ripple’s XRP token may hit the $265 mark sometime between 2033 and 2040, about nine to sixteen years from now. The platform anticipates XRP hitting a potential maximum price of $413.67 in 2033, a rise of about 77,950% from current price levels. Changelly further predicts XRP hitting $525.55 by 2050, about 26 years from now.
Source: Changelly
The researchers at Telegaon, on the other hand, are much more bearish on Ripple’s XRP token. The platform does not anticipate the asset breaching the three-digit mark by 2040. According to Telegaon’s prediction, XRP could trade at a potential maximum price of $50.34 in 2040, a rise of about 9,398% from current price levels.
Source: Telegaon
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According to Changelly’s estimates, you could turn $1000 worth of XRP into $500,000 in about nine to sixteen years. On the other hand, Telegaon’s estimates suggest you will have to wait for more than 16 years for the same growth.
