Could 1,000 XRP Make You a Millionaire by 2029?

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Could 1,000 <a href="https://minority-mindset.com/xrp-usd/">XRP</a> secure financial freedom by 2029? Pundit drops a bold prediction

  • Crypto whales have sold nearly 370 million XRP tokens since the beginning of the month.
  • On-chain metrics reveal that 66.61% of top traders on Binance are holding long positions.

Can owning 1,000 Ripple [XRP] secure financial freedom by 2029?

The crypto specialist asserted, in a recent post, a strong statement about X (previously known as Twitter).

“1,000 XRP is enough for a joyful and free life.”

Currently priced at $2.07, this amounts to $2,070 in total. However, for it to reach a value of $1 million, the price per token would need to skyrocket by an astonishing 45,900% and reach $1,000. It’s important to note that such a significant increase is highly speculative, and there seems to be no clear path towards this valuation at present.

Indeed, the assertion sparked quite a bit of conversation, yet it failed to significantly impact the situation. Major players in the market seemed uninterested, and as a result, Ripple’s value stayed steady.

Whales sell off 370 million XRP tokens

Since the start of April 2025, whales and institutions have offloaded approximately 370 million XRP tokens, according to crypto analyst Ali Martinez, as shared on his social media platform (previously known as Twitter).

As a researcher, I’m noticing a substantial wave of sell-offs that seems to be building upselling pressure regarding XRP. This trend has sparked some apprehension about where the price may be headed next. Is it likely that this downward trend persists, or could we possibly expect a rebound?

The general feeling towards Ripple (XRP) is fluctuating, posing challenges for it to build up speed. As anticipated, its price movements have been erratic. Over the last 24 hours, XRP experienced a dip of 4.85%, and at the moment, it’s holding steady around $2.05.

Despite the price drop, there was a 7% increase in trading activity over the same timeframe, suggesting a more active market.

XRP technical analysis and key levels 

Based on AMBCrypto’s technical assessment, the value of XRP has stayed within a downward sloping channel structure since early 2025, creating successively lower peaks and troughs.

After the latest surge, it seems that XRP has peaked at a lower level, suggesting it might be on its way to reaching an even lower point.

From my analysis, should the current market sentiments stay steady and the selling pressure continue, I anticipate potential further drops for XRP.

Based on the day-to-day trends, there seems to be a persistent decline that might push prices beneath the $1.95 resistance point. Should this occur, the value may plummet by about 20%, potentially landing at $1.65 – which represents the lower limit of the channel pattern.

Should XRP manage to overcome the $2.25 barrier in a daily candlestick close and sentiment favorably changes, there’s a possibility that bulls might reclaim dominance. This breakout could potentially propel the price by approximately 26%, taking it up to around $2.82.

Even though it’s unpredictable, XRP continues to stay above its 200-day moving average, indicating that its long-term upward trend is holding steady. It’s worth noting that the data from the blockchain reveals a contrasting picture, hinting at robust optimism among investors in the market.

Bullish on-chain metrics 

According to data from the chain analysis company Coinglass, it seems that both active traders and long-term investors are heavily leaning towards a positive market trend (bullish side).

Currently, the Balance between Long and Short Positions on Binance for XRP is 2:1, demonstrating a robustly optimistic outlook among traders, as they hold twice as many long positions compared to short ones.

Approximately two-thirds (66.61%) of the leading traders on Binance have invested in long positions, whereas about one-third (33.39%) have opted for short positions instead.

$32.40 million worth of XRP outflow

Adding to the intrigue, XRP has seen $32.40 million worth of exchange outflows in just 48 hours.

A large amount of money flowing out from exchanges may indicate a build-up, which could lead to increased demand and potentially trigger a price surge.

As a crypto investor, I’m closely monitoring both on-chain data and technical signals, and it seems the bulls are putting up a fight at this present price point. Despite the uncertainty, I’m optimistic that XRP will hold its ground and stay above $2 in the near future.

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2025-04-16 19:14