Ripple’s XRP Token seems to defy the overall market trend. The asset’s daily chart has seen a 5.8% increase, while the weekly chart is 6.2% higher. Its 14-day chart shows a 0.8% rise. Bitcoin (BTC), on the other hand has dropped 0.4% over the past 24 hours, and is still trading just under $58,000.
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Grayscale’s launch of the first US XRP Trust is probably responsible for Ripple’s XRP’s recent rally. This move has rekindled talk about a possible XRP ETF for later in the year. In the beginning of 2018, the launch of Bitcoin ETFs opened the doors to other crypto-based products. A XRP exchange-traded fund (ETF) could see the asset reach new heights.
How much XRP is needed to be a millionaire if it hits $7?
A rally of approximately 110% will be required to reach $7. This price will be XRP’s new highest point. XRP is down over 83% since its high point of $3.40 in January 2018. This was six years ago.
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You will need 142,857.14 coins to have one million dollars of XRP. Right now, 142.857.14 XRP is worth around $80,000.
When will the asset reach $7?
Changelly’s analysts believe that Ripple XRP could reach $7 in 2030. That is about six years away. According to the platform, it is expected that in 2030 the asset’s price will be $7.54.
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Telegaon’s researchers paint a bullisher picture for XRP. Platform analysts predict that the price will reach $7.84 in 2028.
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Source: watcher.guru