It Takes Just 1697 XRP To Be A Crypto Millionaire – Ripple Price To $589 With SEC Win?

Traders around since the 2017 bull run and fans of crypto Twitter or Reddit might recall a tongue in cheek meme about the XRP price one day hitting $589, and the hashtag ‘#xrpthestandard’. 

Back then Ripple Labs was already in the crosshairs of the SEC, there were only XRP/BTC pairs available to trade, and the XRP price finally topped out at over $3 in January 2018, shortly after Bitcoin hit its $20,000 top of that bull cycle.

Fast forward to 2023, and Ripple has finally beat the SEC, with a US judge ruling that XRP is not a security – news that saw the XRP price pump 100% in a single day to almost $1, before a correction to 72 cents.

Can The XRP Price Keep Pumping?

The meme of the XRP price going to $589 is mostly satirical – at that point the XRP market cap would be over 30 trillion dollars, when the total crypto market today is still only $1.2 trillion.

The XRP almost hitting $1 has led to the meme popping up again, with The Crypto Monk tweeting this week:

‘It just takes 1697.80 XRP to join the millionaire club. Few [understand this].’

Livercoin, another popular crypto Twitter account, then replied ‘TP 1 – $589’.

Back in 2022 memes calling for the XRP price to hit $589 by the end of the year went viral, although XRP ended up crashing to 2022 lows of $0.28.

Trolling aside, some investors in the XRP army are still optimistic, even speculating that the XRP price could reach the low four or five digits now that BlackRock and their $10 trillion investment portfolio has entered the cryptocurrency space.

Valhil Capital’s XRP price prediction thread on Twitter last month assumed widespread global adoption of the Ripple blockchain by 2030, and with six valuation models came up with a price range of $3,500 – $21,900 per XRP token.

At those lofty valuations, it would take just 45 – 285 XRP to retire a crypto millionaire, with an investment of $35 – $230.

While those kind of XRP price predictions are a long way off and may never happen, the explosion in crypto prices yesterday when news of Ripple beating the SEC broke have given XRP new life – it’s now the #1 trending cryptocurrency on CoinMarketCap. 

Several other prominent crypto traders on Twitter have noted that XRP largely skipped the entire 2021 bull run due to being bogged down with the SEC lawsuit, and not to underestimate how high crypto assets can keep rising.

Crypto Twitter influencer Cameron Fous even speculated that the XRP market cap could flip that of Apple – $3 trillion at some point in the future.

After the XRP Pump, Altcoin Season Next?

Bitcoin dominance dipped after the XRP verdict, and many other altcoins like Solana, Cardano and Polygon also pumped double digits, with the SOL price even briefly reclaiming the $30 level.

Stellar (XLM) pumped over 50% after the judge ruling – XLM is often seen as a beta asset to XRP, pumping when it pumps. Meme coins like Pepe also began showing bullish momentum to the upside. At the time of writing Bitcoin is also still holding the $30,000 level.

Find The Next XRP – Launchpad XYZ

New traders frequently encounter challenges in identifying the most favorable cryptocurrency to purchase at any given time – pumps like the XRP price explosion are hard to spot.

Aiming to plug that hole in the market is Launchpad XYZ, an upcoming trading dashboard and existing Telegram community of traders.

Launchpad XYZ strives to enhance accessibility to crypto trading for ordinary users by furnishing them with valuable insights and analytics for informed trading and investment choices in the Web3 realm.

Watch a review of the Launchpad XYZ project posted by YouTuber Michael Wrubel to his 310,000 followers here.

Currently Launchpad XYZ is conducting a presale for its native token LPX at its website launchpad.xyz, accumulating over $1 million in recent weeks. The project has garnered attention from various crypto news platforms such as BeInCrypto, Cointelegraph, CryptoPotato, CryptoNews, Finbold, and InsideBitcoins.

The utility token, $LPX, will serve as a key to unlock all features of the forthcoming analytics suite. This suite is designed to equip traders with comprehensive tools necessary to achieve success in Web3, encompassing insights, trading alpha, and strategy.

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