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 returns of $14,200 for investors in this category.
Meanwhile, in April 2024, another analyst Mikybull spotlighted an imminent massive bullish XRP wave. Citing historical data, the market analyst argued that this wave could push XRP to $4. If this $4 price comes into play, the 10,000 XRP would appreciate in value to $40,000, yielding a profit of $34,200.
Interestingly, just three days ago, market commentator Cryptobilbuwoo also cited XRP’s historical data to project a possible XRP surge against Bitcoin. He believes this surge would possibly lead to a $6 price for XRP. At this $6 level, investors holding 10,000 XRP would see their holdings rise to $60,000.
In August, a pseudonymous analyst known as Spectre predicted that XRP might target $10 in this market cycle. A $10 price would put 10,000 XRP tokens at a worth of $100,000.
Despite the seemingly ambitious nature of the $10 prediction for this cycle, some market commentators believe it is an underestimate. For instance, Armando Pantoja projected three months back that XRP might be heading to a massive $20 price. If XRP hits $20, the 10,000 XRP would be worth $200,000.
Also, another market analyst Amonyx believes the $50 target is attainable for XRP. Notably, investors holding 10,000 tokens would be sitting on a whopping $500,000 if the $50 target materializes. Meanwhile, as discussions around a $100 price for XRP gains steam, this price level would put 10,000 XRP tokens at a worth of $1 million.
