XRP price has successfully defended the support level of $2 despite turmoil across the crypto market caused by traders’ concerns about the impact of tariffs. Ripple’s resilience has seen bulls forecast that the altcoin has the potential to rally to as high as $10 in the near term, given the multiple bullish catalysts surrounding it. In this article, we look at how much XRP a trader would need to make $1M before May 2025 if Ripple reaches this target price.
How Much XRP You Need to Make $1M If XRP Price Hits $10
If XRP price rallies to $10 before May 2025, it means that you would need to hold at least 100,000 XRP tokens to make $1 million. However, the return on investment that you will get will depend on the price at which you originally purchased your Ripple tokens.
XRP price trades at $2.08 at press time. Let us assume that a trader buys 100,000 Ripple tokens at this buying price. This trader will have to spend $208,000 to buy their tokens, which means that their investment will grow fivefold if Ripple reaches $10.
However, if the XRP price were to lose the support level of $2 and drop to the recent low of $1.65, a trader would need $165,000 to make $1 million if Ripple reaches $10. Conversely, if XRP were to reclaim levels past $3 in the coming days and a trader chooses to buy at this price, they would need $300,000 to make $1 million.
Can XRP Price Reach $10 Before May 2025?
For XRP price to reach $10 before May 2025, it would have to surge by more than five times in less than two weeks. This rally would see Ripple attain a $580 billion market capitalization and flip Ethereum. However, a rally to $10 within two weeks is highly speculative and less likely to happen in the near term.
The most realistic target for XRP price before May 2025 is an all-time high of $3.40. There are several catalysts that could drive these gains, including a partnership with top financial institutions. Recently, speculation was rife that Ripple might partner with SWIFT as well as be adopted by the US Federal Reserve for its FedNow Message system.
If a trader buys 100,000 XRP tokens today at $2.08 and the price reaches $3.40, this trader will have $340,000, which is a 163% return on investment.
Ripple Technical Analysis
Analyst STEPH on X has shared a bullish XRP price prediction and suggests that a rally past $3 might be on the horizon. This analyst identified that Ripple has formed an inverted head and shoulders pattern, which often signals that the market structure might shift to bullish.
For XRP to confirm a reversal under this pattern, it needs to break resistance at the neckline of $2.25. If Ripple can breach this level, it might surge to $3.14, marking a 51% gain from its current price level.
XRP Pirce Chart
Meanwhile, XRP derivatives have surged, indicating heightened activity from futures traders. This surge also supports the likelihood of a Ripple price rally, suggesting that traders should consider buying the altcoin now and await possible gains in the price.
The post Here’s How Much XRP You Need to Make $1M Before May 2025 if XRP Price Hits $10 appeared first on CoinGape.
