Banker Explains When It Can Hit $2,500

Crypto analyst Egrag Crypto recently took to X and shared a discussion with “a top-tier banker.” According to the banker, holding Ripple’s XRP token “for a decade could yield incredible rewards,” perhaps as high as $2,500 per token.

According to Egrag Crypto, the banker challenged them to explain how 40,000 XRP could become $100 million. The crypto analyst pointed to the token’s decade-long life cycle. For 40,000 XRP to become $100 million, each Ripple token would need to trade for $2,500.

Also Read: Ripple’s XRP to Rally 90% and Hit $1.20: Predicts Analyst

The banker, meanwhile, highlighted Ripple CTO David Schwartz’s prediction about 40,000 ETH reaching $100 million. The banker also said that XRP was repeating a “cycle resembling 2013-2017 but stretched out twice as long.”

However, the crypto analyst did not reveal the identity of the banker or the firm they worked for.

Hence, by the banker’s estimates, XRP could reach $2500 by 2027.

How much of Ripple’s XRP token do you need to be a millionaire if it reaches $2500?

If Ripple’s XRP token hits $2500, it would represent a whopping growth of over 390,000%. Although the figure may seem extremely large, it is not something the cryptocurrency industry has not witnessed in the past. Shiba Inu (SHIB), for example, grew by many million percent just over one year after its launch.

Also Read: Ripple XRP Price Prediction: New Year 2024

To be a millionaire when XRP hits $2500, an investor would need 400 tokens. The price of 400 XRP right now is about $256.

Furthermore, there has been a lot of talk about the possibility of Ripple’s XRP token being used as a bridge for CBDC (Central Bank Digital Currency) projects. In such a scenario, XRP could see a massive surge in adoption, which could significantly pump its price. Some analysts and influencers have even said XRP could breach the $10,000 mark if used as a bridge currency.