Austin Hilton, a popular crypto YouTuber and investor, recently shared his insights with his audience on how to become an XRP millionaire. Hilton’s approach centers around two simple but effective strategies that can guide any investor to potentially turn their XRP holdings into a fortune. According to Hilton, building wealth in the crypto space requires not just knowledge, but consistency and patience.

Understanding Your Investment Cost Basis

The first step Hilton recommends for anyone looking to become an XRP millionaire is to understand their investment cost basis. Knowing how much XRP you own and what price you paid for it is crucial for tracking potential profits. Hilton stresses that understanding these basic numbers helps investors understand their position better when the price of XRP begins to rise significantly.

“How much XRP do you own? What did you pay for it?” Hilton asks. These questions are essential for any investor. According to Hilton, the key to long-term success lies in consistency and continuing to build your position. “I’ve bought my core position in XRP, but I continue to buy more,” Hilton shared with his audience.

Dollar-Cost Averaging: Buy More XRP Over Time

Hilton recommends employing the strategy of dollar-cost averaging (DCA) when investing in XRP. DCA involves purchasing XRP at different price points over time, allowing investors to average out their purchase prices and reduce the impact of market volatility. By regularly adding to their positions, investors can lower their overall cost per token, positioning themselves for long-term gains as the price of XRP appreciates.

This strategy helps mitigate the risk of buying at a single, potentially unfavorable price point, especially in the volatile world of cryptocurrency. Hilton suggests that consistent buying, even in smaller amounts, can be highly effective in the long run, especially if the price of XRP increases significantly over time.

The Power of Time: Be Patient and Trust the Process

Hilton emphasizes that the key to wealth in crypto is not just about investing, but also about patience. “There is no secret sauce to getting rich with crypto,” Hilton says. According to him, the real secret to becoming an XRP millionaire is time. Whether XRP’s price increases 50x or even 100x in the future, compounding growth and long-term holding are powerful strategies that shouldn’t be overlooked.

The expert points to previous instances of massive growth in XRP as evidence that such gains are possible. For instance, in the last quarter of 2024, XRP saw an incredible 500% increase in value. Hilton believes that similar growth could occur again in the future, particularly for those who hold onto their XRP for the long term.

For example, if XRP were to reach $100 per token, those holding 10,000 tokens would have a portfolio worth $1 million. As of today, holding 10,000 XRP would cost around $20,500. If the price of XRP rises to $200 per token, a smaller investment of 5,000 tokens would yield the same $1 million portfolio, which would only cost $10,250 today.

Swing Trading: A Short-Term Strategy for Quick Gains

In addition to long-term holding, Hilton also suggests swing trading as another way to maximize XRP profits. Swing trading involves buying and selling assets over a shorter period to capitalize on market fluctuations. By using trading software, investors can get alerts for optimal buying and selling times, allowing them to take advantage of shorter-term price movements.

While this strategy might not be suitable for everyone, those who are adept at timing the market could use it to supplement their long-term holding strategy. Hilton notes that swing trading could provide extra profits, especially when XRP experiences significant short-term price swings.

Conclusion: Build Consistently and Be Patient

Ultimately, Hilton’s advice for becoming an XRP millionaire is simple yet profound. The two key strategies — consistently buying more XRP over time and exercising patience — form the foundation for building wealth in the cryptocurrency market. Success in crypto isn’t about finding a quick shortcut; it’s about committing to a strategy, staying disciplined, and giving your investments time to grow.

Hilton concludes his message with a reminder for all investors: “How much do you own, and how long do you hold it for? That’s what determines if you can become a crypto millionaire.” Whether you’re just starting with XRP or looking to build a substantial position, these two strategies could guide your journey toward financial success in the crypto world.