Top crypto tokens such as Ripple (XRP) have often been touted as a good retirement option because, despite being volatile, they have delivered significant returns over the years. For instance, since 2014, the XRP price has rallied by more than 85,000% from $0.0002 to the current price of $2.40. However, the amount of tokens needed to retire varies across regions. According to CNBC, a retiree based in the US needs more than $60,000 annually to retire comfortably, while in the EU, one would need over $1 million pension fund to retire. In Asia, one would need an average of $500,000 to retire, with yearly expenses of around $20,000. Going by these estimates, can a trader who has invested in 10,000 XRP tokens retire comfortably, and how much would Ripple’s price have to rally so that an investor does not have to work again? Is 10,000 XRP Enough to Retire? Data… Read More at Coingape.com
The post Is 10,000 XRP Enough To Retire? Here’s How Much Price Needs to Rally appeared first on CoinGape.
