- Media personality John Squire predicts XRP will enable early retirements.
- XRP currently trades at $2.06, down 32% over the past 60 days.
- Retirement potential varies widely based on individual holdings.
Media personality John Squire has sparked debate with his bold prediction that XRP’s future price appreciation could lead to a wave of early retirements among its holders. This optimistic outlook comes despite the coin’s recent underperformance in the cryptocurrency market.
“XRP’s rise will trigger countless early retirements,” Squire declared in a recent post on X. The statement arrives during a period of growing frustration among XRP investors, as the digital asset has struggled to gain significant upward momentum over the past two months.
Currently trading at $2.06, XRP has experienced a substantial 32% decline over the past 60 days. Despite this disappointing performance, influential voices like Squire continue to maintain a bullish long-term outlook for the cryptocurrency.
Can XRP retire investors?
The feasibility of retiring on XRP gains varies dramatically depending on individual investment portfolios and financial goals. For investors holding smaller amounts, such as 1,000 coins (worth approximately $2,000 at current prices), reaching a retirement-enabling sum of $1 million would require a 500X price increase to $1,000 per token.
However, larger holders with 100,000 XRP would need only a 4X price increase to $10 to reach the same $1 million threshold. This illustrates the significant variance in required price appreciation based on initial investment size.
In previous statements, Squire has suggested that investors might regret not accumulating enough XRP within just five years, indicating his belief in a relatively near-term price surge.
While recent performance has disappointed many, XRP’s historical metrics tell a different story. The token boasts a 252% yearly gain compared to Bitcoin’s more modest 26%. Since inception, the coin has delivered a 350X return relative to its current price, potentially creating significant wealth for its earliest investors.
Community reaction to Squire’s prediction has been mixed. Supporter Jenny Selina agreed that the coin could create financial freedom if it breaks above previous highs, while skeptics dismissed the prediction as unrealistic, particularly for those expecting quick results.
