XRP has witnessed significant price growth in recent months, nearing its previous all-time highs. This development has drawn attention to earlier investors, particularly those who acquired XRP at lower prices less than a year ago.
Currently trading around $3.25, XRP has surged by approximately 59% in the last month and gained over 450% year-over-year. This analysis explores the returns on a $10,000 investment made in November 2024 when XRP was valued at $0.50.
How Much Is That $10,000 Worth Today?
On November 11, 2024, XRP was priced at approximately $0.50, allowing an investor with $10,000 to acquire 20,000 XRP tokens. As of today’s price near $3.25, that investment would now be valued at roughly $65,000, a gain of 590%. At XRP’s recent high of $3.66, that portfolio would have peaked at $73,200, representing a 632% return within about eight months.
To put that in context, the same $10,000 invested today at $3.25 would afford only around 3,078 XRP, significantly fewer tokens for the same capital.
Community Members Reveal Significant Profits
Several prominent members of the XRP community have disclosed substantial returns from their long-term holdings. Earlier this week, analyst CrediBULL Crypto shared that he purchased 53,692 XRP for $0.1835 in 2019, spending roughly $10,000. As of July 18, his portfolio had reached a value of $196,512, delivering over 19x returns.
CrediBULL remains optimistic and has projected that XRP could rise to $30 within the next 12 months, suggesting the current cycle may still be in its early stages.
Likewise, crypto YouTuber Moon Lambo reported a 14x return on XRP bought at an average price of $0.25 in November 2017. He revealed he has held onto his tokens throughout market fluctuations, citing continued belief in XRP’s long-term fundamentals.
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Growing Support for Long-Term Holding
The recent price surge has led several influencers to advocate for a “hold” strategy. According to Oscar Ramos, XRP’s current momentum makes a strong case for continued investment. Two weeks ago, he urged his audience to focus on XRP. Since then, the price has increased by over 50%.
In a similar vein, Edoardo Farina warned that selling at $10 might be short-sighted. He argued that, given XRP’s potential in tokenized finance and institutional liquidity, early exits could lead to missed opportunities. Farina has publicly suggested XRP may eventually trade in the range of $100 to $10,000, although such predictions remain speculative.
Notably, Dave Portnoy, founder of Barstool Sports, reportedly sold $3 million worth of XRP shortly before the asset surged by 60%, fueling further debate about timing exits in volatile markets.
The example of a $10,000 investment at $0.50 highlights the potential upside of entering the market early and maintaining a long-term view. As XRP gains mainstream and institutional attention, holders and analysts continue to debate its future ceiling, with price targets ranging from conservative growth to exponential highs.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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