- XRP may offer early retirement with strong long-term price rise and holding power.
- Investor returns are dependent on portfolio size and patience with XRP’s long-term performance and trends.
Media personality John Squire has sent shockwaves through the crypto community with a sensational claim that XRP’s future growth could create a wave of early retirements. Despite XRP’s recent price drop, Squire is convinced that the digital currency could bring life-altering riches to its most committed owners.
Squire spoke the words through a recent X post, predicting, “XRP’s rise will trigger countless early retirements.” His prophecy comes as increasing irritation exists within the XRP base camp, as the token has been falling for two months.
XRP trades at $2.06, having fallen 32% over the last 60 days. Though this decline has spooked short-term investors, long-term enthusiasts like Squire aren’t fazed. They point toward XRP’s good past performance and potential future appreciation. His confidence has stirred conversations regarding the token’s long-term value proposition once again. Currently, at the time of writing, XRP is sitting at $2.13, coming into the green zone that has risen to 0.19% in the past 24 hours.
XRP Between Wealth Dreams and Reality
The concept of retiring on XRP is highly sensitive to the investment size. For tiny holders of 1,000 XRP, worth approximately $2,000 now, to reach a $1 million portfolio, XRP would have to appreciate to $1,000 per coin, a 500X rise from the current price.
Conversely, large investors with 100,000 XRP would require only a price rise to $10 to achieve the same $1 million mark, a more realistic 4X increase. This extreme difference highlights how much different potential results depend on initial investment levels.
Squire has already said that certain investors will regret not holding more XRP over the next five years. His prediction is in line with a general perception among some within the community that XRP is heavily undervalued and ready to break out.
Although current price action does not justify these ambitious forecasts, the long-term performance of XRP differs. Within the last twelve months, the coin has beaten most major assets with a 252% return against Bitcoin’s 26%. XRP has produced a 350X return since its launch compared to its trading price now, testimony that it has generated actual wealth for early investors.
Resposes within the community towards Squire’s predictions have been diverse. Those like investor Jenny Selina feel that XRP is able to achieve freedom in terms of finance when it can cross key resistances. However, some still are uncertain and think such levels of high anticipation are unlikely short term.
As XRP trudges along in a precarious market, the gap between bullish projections and pessimistic skepticism endures. But with robust historical returns and endorsement from high-profile supporters, XRP’s potential to define investors’ futures, retirement or otherwise, still makes headlines.
