Crypto expert Edo Farina, who is also the founder of Alpha Lions Academy has shared how a crypto trader can derive a profit of more than 12,000% if they buy XRP today at a price of only $2.40. This expert take comes amid bullish news around Ripple including the end of the SEC case, and a high chance that regulators will approve a spot ETF soon.
Expert Tip on How to Make $12,000% Profit If You Buy XRP at $2.40 Price
In a recent post on X, Farina outlined that a trader that buys XRP when the price is at $2.40 can make a 12,000% profit on Ripple in ten years. He noted that if someone who earns an annual salary of $80,000 invests $44,000 into XRP at $2.40, they will receive 18,000 tokens.
If this trader makes an informed decision to hold the 18,000 tokens for ten years and Ripple surges to $300 within this time, their investment will be worth a massive $5.4M. In this case, this trader will have made a 12,000% return on investment.
“That means, with $3,600 per month for just a year, you secured nearly 69 years of your salary.”
Farina’s analysis suggests that XRP may be one of the best altcoins that a trader can hold for substantial gains in the long term. However, can the price reach $300?
Can Ripple Price Reach $300 in Ten Years?
The $300 target in ten years is a bullish XRP price prediction. However, despite the ongoing turmoil in the market, several factors suggest that this target is easily attainable.
The first factor is the newly-found regulatory clarity by Ripple after the SEC dismissed the lawsuit that lasted for five years. Coingape reported that a top analyst believes that the end of this case suggests XRP will dominate Bitcoin and Ethereum. If this happens, XRP price will likely reach $300 in the next decade.
Secondly, Nate Geraci believes that with the lawsuit being closed, there is a higher chance that the SEC will approve filings for spot XRP ETFs. This is also poised to bode well for XRP price.
Additionally, US President Trump recently launched a digital asset stockpile that includes XRP. This stockpile is also another factor that will likely propel Ripple to $300 in the next years.
Lastly, Ripple is obtaining partnerships that may bolster investor confidence in XRP. It recently announced a collaboration with Chipper Cash to promote crypto payments across Africa. Such partnerships are bullish for XRP price.
Can XRP Defend the $1.90 Support Level?
XRP price trades at $2.23 at press time with a significant 6% dip in 24 hours. This decline is attributed to intense selling activity that has forced the RSI to drop to 24.
Nevertheless, an oversold RSI may be good for Ripple. The last time that this indicator dropped to this extreme level, XRP price bounced by more than 50% within a short time from $1.98 to $2.99. If Ripple were to follow this pattern again. It could easily soar to $3.34.
However, XRP price is still at risk of falling further after a top analyst warned of a crash to $1. This analyst noted that XRP needs to continue trading above $1.90 to avoid a massive crash. However, if selling pressure surges in the near term and CRP breaches the $1.90 support level, traders should brace for more losses.
The post Expert Outlines How To Make 12,000% Profit If You Buy XRP at $2.40 Price appeared first on CoinGape.
