In a recent episode of The Good Evening Crypto show, analysts Abdullah “Abs” Nassif and Johnny discussed the potential of XRP to reach significant price milestones in the next two years.

The conversation focused on the changing legal landscape, the increasing adoption by institutions, and technical signals that could act as catalysts for a strong increase in asset value.

Nassif, a long-time cryptocurrency commentator, cited several upcoming developments, including the scheduled testimony of Ripple CEO Brad Garlinghouse before the U.S. Senate Banking Committee and the upcoming review of the Crypto Transparency Act.

According to Nassif, these developments are evidence of the increasing attention on blockchain-based assets in traditional financial sectors like Wall Street and banking.

XRP Rich List Shows That Barriers to Entry are Rising

Highlighting data from the XRP Rich List, Nassif points out that holding only 2,500 XRP currently places an investor in the top 10% of global XRP wallets. However, to join the top 1%, one must hold about 51,300 XRP, equivalent to approximately $119,000 at recent prices.

Nassif notes that this threshold has rapidly increased. Recently in November 2023, 2,500 XRP could be bought for about $500. Now, the same amount exceeds $5,000. This rapid price growth highlights the expanding role of XRP in the broader cryptocurrency market and suggests its future investment potential.

He also emphasized that institutional interest is rising, making it difficult for retail investors to accumulate larger holdings.

Citing Ripple's partnerships with financial companies like SBI Holdings and Bank of America, Nassif believes that XRP is positioned as a formidable competitor in the growing cross-border payment space, especially as it aligns with global financial standards like ISO 20022.

How Much XRP is Needed to Reach $1 Million?

Johnny, another analyst on the show, has divided the future of XRP into two distinct phases: a speculative phase and a utility-driven phase. He believes that the first price surge of XRP will come from speculation, driven by clearer regulation, especially the potential passage of the Crypto Clarity Act.

Johnny presents three price scenarios and the amount of XRP that investors would need in each scenario to become millionaires:

  • With a price of $10–12 for each XRP, you would need about 100,000 XRP (equivalent to $232,000 today).

  • With a price of $25 for each XRP, you would need about 40,000 XRP (currently valued at $92,800).

  • With a price of $54 for one XRP, only 18,000 XRP (approximately $41,760 at current prices) is enough.

Both analysts agree that even cautious price forecasts offer profitable opportunities, with Nassif's personal goal being to hold 25,000 XRP as a realistic benchmark for those looking to achieve millionaire status.

Market Dynamics, Regulation, and XRP's Position

The conversation continues to explore XRP's strong fundamentals compared to other digital assets. Nassif argues that XRP has a better profitability track record than Bitcoin due to its smaller market cap and faster growth potential.

He notes that while Bitcoin needs a market cap doubling to $2 trillion, XRP only needs about $130 billion to achieve the same.

Additional bullish factors include Ripple's technological advantages in cross-border payments, compliance with ISO 20022 messaging standards, and ongoing support from RippleNet partners worldwide.

Data from other voices in the industry supports this outlook. Analysts like Edoardo Farina have expressed similar views on the current price of XRP being undervalued, especially considering Ripple's legal victories and increasing utility in the payment sector.

Conclusion

As the session ended, both Nassif and Johnny emphasized urgency. They warned that the current price range of XRP will not last forever, especially as global regulations tighten and financial institutions begin to allocate digital assets like XRP to their balance sheets.

Johnny states, "The opportunity to get in at these price levels is slowly closing," while advising potential investors to assess their positions before significant market changes occur.