Diep Sanh, an XRP OG from Australia, recently shared a glimpse into his 8-year accumulation journey.
In a tweet, Sanh revealed that it took him eight years to accumulate 1,295 XRP. According to his disclosure, he consistently aimed to purchase at least 3 XRP each week.
As of today, his XRP portfolio is worth approximately $3,885 as each token is worth $3. Meanwhile, Sanh expressed a strong belief that, someday, those 1,295 XRP could be worth $1.2 million.
For context, to reach that valuation, each XRP’s price would need to be approximately $926.25. This figure would imply a market cap of over $55 trillion for XRP.
Strong Long-Term Conviction in XRP
Beyond the ambitious outlook, Sanh’s tweet reflects years of patience, commitment, and unwavering belief in XRP’s future despite the market’s volatility. Over the eight years of buying and holding, XRP’s price rose from a bottom of $0.0054 to a peak above $3.80 before plummeting by over 95% to around $0.10.
Additionally, the coin faced a five-year-long lawsuit that many believe suppressed its price growth, even causing it to miss out on the 2021 bull run. Despite these challenges, investors like Sanh remained steadfast.
Today, XRP is in a stronger position than it has been in years. The coin is currently trading in the $3 range, inching closer to breaking its all-time high.
With its legal challenges resolved, Ripple’s continued global expansion, and ongoing development within the XRP ecosystem, many are increasingly confident that XRP will set a new peak this year.
The most widespread expectation is for the coin to break the $10 mark. Looking beyond short-term expectations, Sanh envisions a future where 1 XRP is worth nearly $1,000. This hypothetical outcome would turn retail holders like him into millionaires.
In recent times, numerous figures in the crypto community have voiced similar aspirations. XRP advocate Duefe previously claimed on X that holding just 1,000 XRP could lead to financial independence by 2029.
Alpha Lions Academy founder Edo Farina echoed this bullish outlook. He called it “insanity” not to own at least 1,000 XRP and projected that such holders could become millionaires.
Community Reaction: Inspiration or Unrealistic?
Notably, the tweet drew mixed reactions. While some praised Sanh’s long-term commitment, others questioned the size of his holdings. They view them as too small, given the near-decade of accumulation.
According to his strategy, Sanh averaged just 13 XRP purchases per month over eight years, which led some critics to dismiss his revelation outright.
On the other hand, many see the expectation of becoming a millionaire from holding around 1,000 XRP as far-fetched. For context, it would require the coin’s price to increase by over 32,000%.
Meanwhile, platforms like the Changelly crypto exchange have suggested that XRP could reach $1,000 by 2040, about 15 years from now.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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