Pundit Says XRP Will Retire a Lot of People: Here’s How

Amid the resilience demonstrated by XRP, a market pundit insists the altcoin will be the reason multiple investors finally retire.

The crypto market is currently facing investor uncertainty after a previous upsurge triggered by the latest Bitcoin (BTC) push toward $100,000. Despite the pullback that ensued, XRP has shown resilience against further bearish pressure. As a result, the altcoin has held above $2.4 for days.

This comes after a massive uptrend that allowed it to breach $2 on Dec. 1. Since recently overcoming the $2 mark for the first time in seven years, XRP has not dropped below the price mark despite the occasional pullbacks. This has bolstered confidence in its potential.

Optimism Around XRP’s Potential

For instance, Bark, a crypto market pundit and founder of Bark Media, boldly asserted that XRP is going to give multiple investors the necessary returns to allow them to retire. Notably, the goal for a lot of crypto investors is to make enough profit to retire from work.

$XRP is going to retire A LOT of people

— Bark (@barkmeta) December 2, 2024

However, the requirements for retirement vary depending on the investor’s geography and his appetite. While some individuals could retire on $700,000 if they live in a low-income country with less cost of living, others who live in places like the U.S. might require more to comfortably retire.

Notably, a report from CNBC earlier in the year confirmed that a resident of Hawaii would need $2 million to retire for 25 years, marking the highest retirement threshold for any state in the U.S. However, the average 30-year retirement threshold in the U.S. is a little above $1 million.

Given these realities, certain proponents have wondered if just holding XRP could retire an investor. Considering a retirement threshold of $2 million, above the average, an investor could hit this level based on his capital and the price targets that XRP is able to claim.

At What Price Can XRP Retire Investors?

This assessment would consider an initial investment of $10,000, allowing an entry point for the average retail investor. If an investor buys $10,000 worth of XRP at the current price of $2.44, he would procure 4,098 XRP tokens. 

Notably, for these tokens to hit the retirement threshold of $2 million, XRP must reach an ambitious price of $488 per token. This would mark a massive appreciation rate of 19,900% for the altcoin, pushing its market cap to an audacious $27.8 trillion. 

The chances of this materializing within the next few years are rather slim. As a result, investors looking to retire with XRP might need to commit more than $10,000 at current prices. For instance, a $400,000 investment in XRP would yield the $2 million retirement threshold at $12, a more realistic target.

However, investors who already procured XRP before its recent breakout have better chances of retiring at lower price targets. Interestingly, an investor who procured $100,000 worth of XRP when it consolidated at $0.5 from Nov. 1 to 4, would have 200,000 tokens. These 200,000 XRP would be worth $2 million at a $10 price.

Nonetheless, while these estimates can be rather enticing, it is important to note that they rely on speculative assessments. There is no guarantee that XRP would reach $10, $12 or any target necessary to make an investor retire.