- XRP has surged more than 2.50% in the last 24 hours.
- Resistance at $2.20 remains key; breakout may push past $3.
- Analysts reveal millionaire math: 23,000 XRP needed if price 20x.
Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC) is finally nearing its end. This brings XRP’s rollercoaster history back into the spotlight.
Back in January 2018, XRP hit its all-time high of $3.40. However, it quickly fell below $1 in just six months, and then dropped under $0.50 cents. XRP then saw another spike in April 2021, briefly touching $1.50 before settling again. Fast forward to November 2024, XRP crossed the $2 mark for the first time in years, and has since stayed steadily above $1.90.
Now, the token is bumping up against resistance around that old $3.40 all-time high. If the market stays bullish, XRP could soon try to break through that level.
XRP to $1 Million? AltcoinBuzz Runs the Numbers
AltcoinBuzz has shared a fascinating question ‘How Many XRP Do You Need to Be a Millionaire?’ According to their math, if XRP manages to reach its old $3.40 peak, an XRP holder would need 294,178 XRPs to hit $1 million. And at today’s XRP price of $2.13 (May 8, 2025), that stash would cost about $626,470.
AltcoinBuzz also crunched numbers for bigger price jumps. If XRP were to go 10x to $21.30, about 46,948 XRP are required to hit the million-dollar mark. Buying that amount now would cost $100,000.
In a super bullish 20x scenario where XRP rises 20x to $42.60, one would need just 23,474 XRP to become a millionaire. At current prices, this would cost around $50,000.
XRP Flashes Bullish Signs: Trading Volume and Open Interest Climb
XRP is trading at $2.19 after an 80% jump in volume. Coinglass data shows XRP open interest is up 3.28% to $3.72 billion. Options interest also jumped 28%, with trading volume passing $1 million.
Related: Ripple-SEC Deal Looks Real, But Timing Is Weird, Legal Expert Warns
The RSI is above the moving average — a sign that often signals more price gains. However, XRP is still facing tough resistance near $2.20. With Bitcoin hitting $99K, a short-term pullback could happen, but the bigger outlook for XRP remains bullish.
Related: Why Is XRP Dropping in May 2025? Here Are 5 Key Reasons
Analysts believe this may be the last support test before XRP breaks past $2.25. If that happens, targets are set at $2.68, $3.00, and possibly higher.
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