- Media personality John Squire claims XRP’s price surge could trigger early retirements, despite recent market struggles.
- While skeptics remain doubtful, XRP’s historical gains suggest significant future potential for patient investors.
In a bold statement on social media, media personality John Squire has suggested that XRP’s price surge could enable countless investors to retire early. His comments come amid a period of market pessimism, with XRP struggling to break out of a prolonged price slump.
Also read: XRP to $10? Here’s When It Could Happen with a 10% Monthly Growth
The Case for XRP-Fueled Early Retirement
XRP has faced a challenging 60-day period, experiencing a 32% decline and currently trading at $2.06. Despite this lackluster performance, crypto influencers like Squire remain optimistic. He envisions a future where XRP’s price skyrockets, potentially providing life-changing wealth to long-term holders.
For early retirement to become a reality, the required price surge depends on an investor’s financial goals and portfolio size. Consider these scenarios:
- A holder with 1,000 XRP (worth $2,000 today) aiming for a $1 million retirement goal would need the asset to hit $1,000 per token—a 500X increase.
- A larger holder with 100,000 XRP could retire with a more modest 4X increase to $10 per token.
Squire suggests that XRP’s potential could materialize sooner than many anticipate. In fact, he previously warned that investors might regret not accumulating more XRP within the next five years.
Can XRP Deliver?
Despite recent underperformance, XRP has demonstrated its ability to achieve significant gains in the past. The token boasts an all-time return of 350X, rewarding early investors with substantial profits. Additionally, XRP has seen a 252% yearly gain, outperforming Bitcoin’s 26% yearly increase.
However, skeptics argue that such lofty price targets are unrealistic, at least in the short term. Some community members remain doubtful, with one commenter humorously stating, “Not for me it won’t, I’ll probably be dead before that happens.”
The Community’s Perspective
Squire’s statement has sparked debate within the crypto space. Some investors, like Jenny Selina, believe XRP has the potential to create financial freedom if it surpasses previous highs. Others view such predictions as overly optimistic, particularly for those expecting quick gains.
Ultimately, while XRP’s future remains uncertain, its historical performance suggests that dramatic price moves are possible. Whether it truly triggers a wave of early retirements, however, depends on the market’s trajectory—and a bit of patience from investors.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct thorough research before making investment decisions.
