Do you dream of early retirement with cryptocurrencies? XRP from Ripple may help you choose the right strategy.
With the return of the bullish trend, many investors dream of early retirement. One expert recently revealed his strategy for retiring in a few years thanks to Bitcoin, and now another is doing it again using XRP.
Is it possible to achieve retirement thanks to XRP?
With its increasing popularity, XRP is expected to experience a remarkable price explosion in the coming years. For this reason, analyst Eduardo Farina relies on alternative currencies to help him achieve financial independence. According to him, it would be enough to have at least 10,000 XRP, which currently equals $23,100.
"If you gather 10,000 $XRP, it's hard to understand how much freedom you will have," Farina explained on his official account on X.
But how much money will it take to retire in 2040? If the price of XRP reaches at least $30 by that year, which is likely to be within the range of $12 to $300 that experts expect, Farina's strategy would yield a modest net profit of $300,000.
Let's imagine then that we need an income of $50,000 per year to enjoy an early and comfortable retirement. This would require capital of about $1.25 million, or 40,000 XRP at a price of $30 in 2040. Therefore, you will need to invest $91,600 at the current price to achieve this goal.
This forecast is based on a token valued at $30 within 15 years, but is this really possible? The answer is no, according to analysts at Finder, who believe that the price of Ripple will only reach $13 by 2035.
This will be enough to achieve a great profit, but it will also be enough to make those who hope to say goodbye to their desks in 2040 cry!
However, analyst EGRAG CRYPTO is more optimistic, claiming that XRP's market capitalization could reach $1.5 trillion by 2030.
This number could push the value of the alternative currency to $25 in the coming years. Let's imagine in this case the explosion that will await until 2040.