XRP to $1 Million? AltcoinBuzz Runs the Numbers

In January 2018, XRP, the cryptocurrency developed by Ripple, reached an all-time high (ATH) of $3.40. However, within six months, the token fell below the $1 mark and later dropped to $0.50 cents.

Later, in April 2021, XRP saw another spike, briefly touching $1.50 before settling again.

Now, in November 2024, XRP crossed the $2 mark for the first time in years, and has since stayed steadily above $1.90. The token is bumping up against resistance around that old $3.40 ATH. If the market stays bullish, XRP could soon try to break through that level.

With the U.S. Securities and Exchange Commission (SEC) and Ripple case finally nearing its end, attention is returning to the token, especially with it struggling to break past the Fibonacci level.

According to data from Coinglass, the total open interest in XRP futures contracts has risen by 3.28% to $3.72 billion in the past 24 hours. On the other hand, the total open interest in options contracts has dropped by 10.77% to $1.48 billion.

The RSI is above the moving average — a sign that often signals more price gains. However, XRP is still facing tough resistance near $2.20. With Bitcoin hitting $99K, a short-term pullback could happen, but the bigger outlook for XRP remains bullish.

According to AlgoTrade, this may be the last support test before seeing a strong breakout past $2.25. If that happens, targets are set at $2.68, $3.00, and possibly higher.

Meanwhile, AltcoinBuzz has shared a fascinating question: 'How Many XRP Do You Need to Be a Millionaire?'

According to their math, if XRP manages to reach its old $3.40 peak, an XRP holder would need 294,178 XRPs to hit $1 million. And at today’s XRP price of $2.13 (May 8, 2025), that stash would cost about $626,470.

They also crunched numbers for bigger price jumps. If XRP were to go 10x to $21.30, about 46,948 XRP are required to hit the million-dollar mark. Buying that amount now would cost $100,000.

In a super bullish 20x scenario where XRP rises 20x to $42.60, one would need just 23,474 XRP to become a millionaire. At current prices, this would come to around $50,000.