Can XRP Make You a Millionaire? Experts Outline the Path & the Amount You Need to Hold

In a recent episode of The Good Evening Crypto show, analysts Abdullah "Abs" Nassif and Johnny discussed the potential for XRP investors to become millionaires in the next 12 to 24 months. Their conversation focused on the current market situation, upcoming regulatory changes, and the expected price trajectory of XRP. Based on their analysis, they outlined the amount of XRP needed to accumulate in preparation for a significant price increase. Regulatory Catalysts and Market Changes Nassif emphasized that the upcoming legal developments could serve as the main catalyst for the surge in XRP prices. He mentioned the upcoming hearing of Ripple CEO, Brad Garlinghouse, before the U.S. Senate Banking Committee, as well as the House's planned review of the Crypto Transparency Act (. According to him, these events signal the increasing participation of the political and financial sectors in digital assets, which could affect investor sentiment and drive institutional interest. He also noted the data from the List of Richest XRP. Currently, holding 2,500 XRP will place an investor in the top 10% of XRP wallets globally, while to reach the top 1%, an investor needs to own around 51,300 tokens. Nassif stated that most investors may not realize that holding a relatively small amount of XRP could help them rise to a higher position in their XRP holdings. He further argued that XRP does not need to outperform the entire cryptocurrency market, but only needs to follow a growth trajectory similar to the historical growth of Bitcoin. Prediction: How Much XRP Do You Need to Become a Millionaire Johnny analyzed the process of achieving a $1 million holding of XRP by presenting three potential market scenarios, divided into speculative and utility-driven phases. He believes that the speculative phase could be triggered by regulatory clarity, particularly the passage of the Cryptocurrency Transparency Act. If XRP reaches a price of 10 to 12 dollars in the next two years, an investor will need to hold approximately 100,000 XRP to reach the milestone of 1 million dollars. In the event that XRP rises to 54 dollars, holding just 18,000 XRP will be sufficient. With an expected price of 25 dollars per token, owning 40,000 XRP will help the investor approach 1 million dollars. These forecasts suggest that investors will need to accumulate between 18,000 and 100,000 XRP, depending on the level of market volatility after the regulations are issued. At the current price, this amount is equivalent to an investment of around 41,760 to 232,000 dollars. Barriers to Entry are Increasing Nassif pointed out that the cost of owning XRP at a premium level has increased significantly over the past year. For example, by the end of 2024, 2,500 XRP could be purchased for around $500, while that amount has now exceeded $5,000. He warns that this trend is likely to continue as more and more institutions enter the market and absorb the available supply. He estimates that holding a position in the top 1% of XRP wallets today will require an investment of around $100,000. If XRP reaches $50 in the future, that amount held would be worth about $5 million. Nassif added that owning 25,000 XRP could be sufficient to reach the $1 million threshold, especially with the expected trend of the digital asset space. When comparing XRP to Bitcoin, Nassif explained that Bitcoin would require an additional $2 trillion in market capitalization to double its value, while XRP could achieve similar growth with just $130 billion in new market capitalization. He argued that this reflects the relatively high investment profit potential of XRP. Johnny advises investors not to delay action. He believes that the current price of XRP may not last long, especially if regulations drive market growth. His view aligns with that of other analysts like Edoardo Farina, who has repeatedly emphasized that the opportunity to invest in XRP at an affordable price is increasingly narrowing. Ultimately, the amount of XRP that an investor needs depends on the level of risk they are willing to accept and their expectations for the market. Although forecasts may vary, generally speaking, early positioning can yield significant profits.