Ripple’s XRP token seems to be defying the general market trend. The asset has climbed 5.8% in the daily charts, 6.2% in the weekly charts, and 0.8% in the 14-day charts. On the other hand, Bitcoin (BTC) has dipped 0.4% in the last 24 hours and continues to trade just below $58,000.

Also Read: Popcat and Dogwifhat (WIF) Price Prediction For The Weekend

Ripple’s XRP token’s latest rally is likely due to Grayscale launching the first US XRP trust. The move has rekindled talks about a potential XRP ETF later this year. The launch of the Bitcoin ETFs earlier this year opened the door to more crypto-based ETF products. An XRP ETF could lead to the asset hitting a new all-time high.

How Much XRP Is Needed To Be A Millionaire When It Hits $7?

Hitting $7 from current prices will entail a rally of about 1150%. Reaching this price point will also mean a new all-time high for XRP. The asset is currently down by over 83% from its all-time high of $3.40, which it attained in January 2018, over six years ago.

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To have a million dollars worth of XRP at $7 per coin, you will need about 142,857.14 coins. The price of 142,857.14 XRP right now is about $80,000.

When Will The Asset Hit $7?

According to Changelly analysts, Ripple’s XRP token could hit the $7 mark sometime in 2030, about six years from now. The platform anticipates the asset to hit a maximum price of $7.54 in 2030.

Also Read: Donald Trump or Kamala Harris Won’t Influence Bitcoin’s Price

Telegaon researchers present a more bullish picture of XRP. The platform anticipates the asset to breach the $7 mark in 2028, hitting a potential maximum price of $7.84 that year.

Ripple’s XRP token seems to be defying the general market trend. The asset has climbed 5.8% in the daily charts, 6.2% in the weekly charts, and 0.8% in the 14-day charts. On the other hand, Bitcoin (BTC) has dipped 0.4% in the last 24 hours and continues to trade just below $58,000.

Also Read: Popcat and Dogwifhat (WIF) Price Prediction For The Weekend

Ripple’s XRP token’s latest rally is likely due to Grayscale launching the first US XRP trust. The move has rekindled talks about a potential XRP ETF later this year. The launch of the Bitcoin ETFs earlier this year opened the door to more crypto-based ETF products. An XRP ETF could lead to the asset hitting a new all-time high.

How Much XRP Is Needed To Be A Millionaire When It Hits $7?

Hitting $7 from current prices will entail a rally of about 1150%. Reaching this price point will also mean a new all-time high for XRP. The asset is currently down by over 83% from its all-time high of $3.40, which it attained in January 2018, over six years ago.

Also Read: Shiba Inu: Can SHIB Burn Its Way to 10 Cents?

To have a million dollars worth of XRP at $7 per coin, you will need about 142,857.14 coins. The price of 142,857.14 XRP right now is about $80,000.

When Will The Asset Hit $7?

According to Changelly analysts, Ripple’s XRP token could hit the $7 mark sometime in 2030, about six years from now. The platform anticipates the asset to hit a maximum price of $7.54 in 2030.

Also Read: Donald Trump or Kamala Harris Won’t Influence Bitcoin’s Price

Telegaon researchers present a more bullish picture of XRP. The platform anticipates the asset to breach the $7 mark in 2028, hitting a potential maximum price of $7.84 that year.