Crypto YouTuber and investor Austin Hilton recently dropped some knowledge for his audience, sharing his thoughts on how to become an XRP millionaire.

Hilton laid out two simple, yet effective strategies for building XRP wealth. And according to Hilton, it all starts with understanding your investment cost basis.

Key Strategy: Know Your Cost Basis and Keep Accumulating XRP

“How much XRP do you own? And what did you pay for each token?” These are the crucial questions Hilton urges his viewers to answer and understand completely.

Understanding your investment amount and the price you paid is essential for figuring out your potential profits when XRP’s price takes off. Hilton really emphasized that consistency is the name of the game here.

“I’ve already established my main XRP holdings, but I’m not stopping there – I keep adding more,” Hilton revealed.

By continuously adding to your XRP stash, you’re leveraging the power of dollar-cost averaging (DCA). This smart approach lets you invest at various price points, which helps lessen the impact of market swings. Ultimately, it lowers your average cost per XRP and sets you up to potentially gain from price increases over the long run.

Time is Your Ally

Investing is crucial, for sure, but Hilton emphasizes that patience is equally vital. “There’s no magic formula for getting rich quick with crypto,” he clarified. According to him, time is the real key to potentially becoming an XRP millionaire.

Whether XRP’s price jumps 50x or even 100x in the coming years, Hilton is convinced that the power of compound growth and holding for the long haul is undeniable.

He even points to XRP’s history of explosive growth. For example, back in the last quarter of 2024, XRP skyrocketed by over 500%!, and Hilton thinks we might see similar surges again.

He further mentioned that for those with a long-term vision, waiting for XRP to hit higher prices, like $100 or even $200, could indeed turn them into millionaires. However, he also noted that this relies on investors holding a significant amount of XRP in their wallets.

To put things in perspective, if XRP climbs to $100, holding 10,000 XRP could make your portfolio worth a cool $1 million! As of today, that amount of XRP would cost you around $20,500. Alternatively, if XRP reaches $200, you’d need 5,000 tokens to hit that million-dollar mark, which would cost approximately $10,250 at current prices.

Bonus Strategy: Swing Trading for Extra Gains

Hilton also brought up swing trading as another tactic to potentially increase your XRP gains in the short term. He pointed out that swing trading can be a really effective method for making profits from the market’s ups and downs.

By using the right tools, like specialized software, investors can get alerts about opportune moments to buy and sell XRP. This kind of software helps you take advantage of short-term price changes by allowing you to buy XRP when prices dip and sell when they climb.

In the end, Austin Hilton’s core message boils down to this: becoming an XRP millionaire requires building a strong investment foundation and practicing patience. There are no shortcuts or secret methods in crypto. Success, he suggests, comes from having a clear strategy, being consistent in your approach, and trusting the journey. He wraps things up with:

“It all boils down to this: How much XRP do you have, and how long are you willing to hold onto it? That’s the real formula for potentially becoming a crypto millionaire.”