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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Analyst Predicts XRP Price To Hit $100: Here’s How To Become A Millionaire

Scott Matherson
Scott Matherson
1 year ago
3 mins read
XRP price millionaire Small

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Several crypto analysts and influencers in the XRP community have continued to make their predictions as to the future of the XRP price. This time, another has predicted the token to rise to $100 and given tips on how one could make money from this occurrence. 

How To Make $1 Million From XRP

In a post shared on the X (formerly Twitter) platform, Crypto Analyst and XRP influencer Crypto Assets Guy stated that XRP had the potential to reach $100 in 3-5 years. As to the best way XRP holders could benefit from such a significant increase in XRP’s price, he opined that holding 10,000 XRP is enough for those holding long-term. 

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He further calculated the potential returns that these holders stood to gain if his prediction were to come through. Going by this, holders could gain as much as $1 million, assuming they were holding 10,000 XRP and each token was worth $100 in the next three to five years.

Some seemed to agree with the analyst’s prediction, with one particular X user stating that XRP “should” break $100 long before then, especially due to institutional interests. On the other hand, many seemed to disagree with the prediction and stated that it was almost impossible for the token to hit $100 by then.

There was also the category of people who seemed tired of such predictions as they stated that they had heard similar predictions in the past (years back), and still, there hasn’t been any notable increase in the token’s price. 

XRP Price Prediction Factual Or Otherwise?

The future XRP price is arguably one of the trending topics in the X crypto community, as analysts and influencers have continued to make predictions on the token’s trajectory. While some have based their prediction on certain indicators and fundamentals, others seem to be making these predictions without any conviction or any basis for it. 

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With this in mind, some members of the XRP community have gone as far as accusing these influencers of simply making these predictions for engagement farming. Interestingly, the influencer Crypto Assets Guy who had made this $100 prediction was the same person who had some days back stated that XRP wasn’t going to hit “$10000, $1000, $50 or $10 any time soon.”

Although one can’t assertively state what he meant by “any time soon” in this context, it raises eyebrows as to the analyst’s recent prediction, considering that he seemed less optimistic about XRP’s future trajectory just days back. 

XRP  price chart from Tradingview.com (XRP millionaire)

Token price takes a beating | Source: XRPUSD on Tradingview.com
Featured image from FX Empire, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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