Imagine. You have 1,000 XRP in your wallet and the price suddenly rises as fast as that of BNB earlier this year. What would that mean for your profits? The outcome is surprising and perhaps hopeful for XRP investors.
XRP is holding its own but still missing the breakout
Ripple (XRP) is currently trading around $1.90. The price is under pressure after several weeks of declines. Yet the currency remains popular among long-term investors, who hope for a new boost.
That may sound far-fetched, but BNB proved earlier this year that a sudden turnaround is possible. From March to October, BNB rose 134 percent, from $587 to $1,376.
That’s how much 1,000 XRP would be worth in a BNB rally
What if XRP makes the same price movement as BNB? A 134 percent increase from the current price would take XRP to $4.45. That would be a new record.
For someone with 1,000 XRP, this means the following. Your investment of $1,900 would then amount to $4,450. Your profit: $2,550, without having to invest any extra.
Can XRP Really Rise That Much?
That possibility exists. In November 2024, XRP rose 283 percent in one month. There was no ETF at that time and the lawsuit with the American regulator was still ongoing. There are now five active spot ETFs for XRP and the legal battle with the SEC has been completed.
So the foundations are stronger than they were then. Yet there is no guarantee of a new rally. Investors are waiting for a clear signal or catalyst. But as BNB showed, the mood in the crypto market can change very quickly.
Source: https://newsbit.nl/wat-als-je-1-000-xrp-hebt-en-de-xrp-koers-stijgt-net-als-bnb/
