This has been a highly profitable year for Ripple’s XRP token. To date in 2023, the token’s price has appreciated by a whopping 83%, leaving it 61% up from its December value. Unfortunately, the market had a downward correction over the past weekend resulting in an 4.7% slump over the past day and 6.9% drop since last month. Despite these dips, most analysts believe in XRP’s bullish outlook in the long-term, therefore attaining the revered status of ‘millionaire’ by investing in XRP is quite viable. So, contemplating hitting at $5, how much XRP needs to be possessed to arrive at seven-figure status? Well, reaching the $5 level will be a 700% gain from present prices, and as far as aiming a million bucks through XRP is concerned, investing in 200,000 tokens at present valuation is what would be required.
Using XRP for investing in international remittance has gone up sharply in recent years andл is expected to make more drastic spikes in the near foreseeable future. Also, the current partial victory of Ripple in a lawsuit over the company’s sale of XRP withing the securities law has had a positive bearing on the acceptance curve. Even thought the litigation is in progress, chances for XRP to win the case and maintain its notion of “non-security” are highly intact. Reaction from the top court Greenlight is generously optimistic.
Getting to $5 through pumped purchasing and customer demand relies solely on various multifarious drivers. Although a bullish proposition, attaining this being at looks intimidating asarians should practice lots of skin along this course. Nonetheless, the likely resul loudly voices wealth earning potential through Ripple’s XRP token.
