By Michael Scott
Market pundit downplays uncertainty in the crypto market and considers that XRP resilience would retire multiple investors.
Amid the resilience portrayed by XRP to hold above $2.4, Bark Media’s founder reiterates the altcoin’s further gains will ultimately compel multiple investors to retire. The bullish outlook by the market pundit emerges as the crypto market confronts investor uncertainty after the recent uptrend.
The pundit acknowledged that XRP staged a wild rally to $2.82, propelled by Bitcoin’s push to the $100K threshold. Despite the retreat that ensued, XRP casts resilience to withstand further bearish pressure as it holds above $2.4 price for days per CoinGecko data.
The impressive run to set a seven-year high occurred when XRP breached $2 on December 1. It is worth mentioning that since XRP overcame the $2 psychological mark, it has withstood the occasional pullbacks to defend above the level. This resilience is bolstering confidence in the XRP potential.
Optimistic Outlook on XRP’s Potential
The crypto market pundit assets that XRP will grant investors the necessary returns to seek retirement. The analyst considers the objective of digital asset investors to generate enough profit to take early retirement.
Nonetheless, retirement requirements vary relative to the investor’s appetite and geography. In particular, a $700K profit could be sufficient for an individual living in a low-income country, unlike the US residents who could seek more to lead a comfortable retirement.
A CNBC publication at the onset of this year indicated that Hawaii residents should raise $2 million for a 25-year retirement. Such constitutes the highest retirement threshold across the US. The January report considers $1M the average for a 30-year threshold.
Guided by the above realities, several proponents have argued that just holding XRP could prompt investors to retire. Bark holds that with a retirement threshold of $2M, still above the national average, an investor can easily hit this target relative to the capital and XRP price.
XRP Price to Prompt Investors Retire?
The market analyst considers an initial investment outlay of $10,000 as the entry-level for the average retail investor. The $10,000 purchase at the prevailing price of $2.4 would translate to 4,098 tokens.
The analyst illustrates that for the XRP tokens to realize the $2M retirement threshold, the altcoin should test an ambitious $488 price. He adds that such would represent a gigantic appreciation at $19,900% to elevate its market value to $27.8 trillion.
The viability of this upward trajectory to the $488 price in a few years is slim. Consequently, investors who desire to retire with XRP should allocate over $10,000 at the present prices. In particular, the investor could consider $400,000 worth of XRP to attain a $2 million retirement target at the realistic price of $12.
Better Chance Among Early XRP Investors
The analyst adds that investors who acquire XRP while below the unit price range have a better opportunity to retire at lower targets. An investor who committed $100K to buy XRP at $0.5 on November 1-4 has 200,000 tokens. Such would translate to $2 million worth of investment when XRP hits $10.
While the estimates portray enticing figures, it is worth mentioning that they are speculative. As such, the analyst warns no guarantee exists for XRP to test $10 and $12 targets for one to consider retirement.
XRP Path to $20?
Crypto analyst BarriC considers XRP has the potential to realize the unrealistic astronomical target Bark indicates. The analyst suggests XRP is preparing for another leap to $20, representing a nearly 1000% surge from the $2.40 price range.
https://twitter.com/B_arri_C/status/1865716193287676155
BarriC observes that the price target could increase if the existing XRP exchange-traded funds (ETFs) secure the green light from the Securities and Exchange Commission (SEC) next year.
The analysts are bullish on the XRP rally and consider that the dark regulatory cloud that engulfed the US crypto industry is clearing. The broader crypto community anticipates friendlier policies under the Donald Trump administration.