In a recent episode of The Good Evening Crypto show, analysts Abdullah 'Abs' Nassif and Johnny examined the potential for XRP investors to become millionaires in the next 12 to 24 months.

Their discussion focused on the current market situation, upcoming regulatory changes, and the expected price trajectory of XRP. Based on their analysis, they outlined the amount of XRP needed to accumulate in preparation for a significant price surge.

Regulatory Catalysts and Market Shifts

Nassif emphasized that upcoming legal developments could serve as a key driver for XRP's price surge. He mentioned the upcoming hearing of Ripple CEO Brad Garlinghouse before the U.S. Senate Banking Committee, as well as the House's anticipated review of the Crypto Clarity Act.

According to him, these events signify an increasing involvement of the political and financial sectors in digital assets, which could influence investor sentiment and boost institutional interest.

He also referenced data from the Richest XRP List. Currently, holding 2,500 XRP would place an investor in the top 10% of XRP wallets worldwide, while to reach the top 1%, an investor would need to own around 51,300 tokens.

Nassif stated that most investors may not realize that holding a relatively small amount of XRP can help them climb higher in the XRP ownership ranks. He further argues that XRP does not need to outperform the entire cryptocurrency market, but merely follow a growth trajectory similar to Bitcoin's historical growth.

Prediction: How Much XRP Is Needed To Become a Millionaire

Johnny analyzed the process of achieving a $1 million holding of XRP by presenting three potential market scenarios, divided into speculative and utility-driven phases. He believes that the speculative phase could be triggered by regulatory clarity, particularly the passage of the Crypto Clarity Act.

If XRP reaches a price of $10 to $12 in the next two years, an investor would need to hold approximately 100,000 XRP to hit the $1 million mark. In the case that XRP rises to $54, holding just 18,000 XRP would be enough. With an expected price of $25 per token, owning 40,000 XRP would help the investor come close to $1 million.

These forecasts indicate that investors will need to accumulate between 18,000 and 100,000 XRP, depending on the level of market volatility after regulations are implemented. At the current price, this figure is equivalent to an investment of approximately $41,760 to $232,000.

Increasing Barriers to Entry

Nassif pointed out that the cost of owning XRP at a premium level has increased significantly over the past year. For example, by the end of 2024, 2,500 XRP could be purchased for about $500, whereas that amount has now exceeded $5,000. He warns that this trend is likely to continue as more institutions enter the market and absorb available supply.

He estimates that holding a position in the top 1% of current XRP wallets will require an investment of around $100,000. If XRP reaches $50 in the future, that holding would be worth about $5 million. Nassif adds that owning 25,000 XRP could be sufficient to reach the $1 million threshold, especially with the expected trends in the digital asset sector.

When comparing XRP to Bitcoin, Nassif explained that Bitcoin would need an additional $2 trillion in market capitalization to double its value, while XRP could achieve similar growth with only $130 billion in new market capitalization. He argues that this reflects XRP's relatively high investment return potential.

Johnny advises investors not to delay action. He believes that the current price of XRP may not hold for long, especially if regulations drive market growth. His view aligns with that of other analysts like Edoardo Farina, who has repeatedly emphasized that the opportunity to invest in XRP at an affordable price is narrowing.

Ultimately, the amount of XRP an investor needs depends on their risk tolerance and expectations for the market. While forecasts may vary, generally, early positioning can yield significant returns.