As the price of XRP soars to historic levels, long-term holders are reporting massive profits from their holdings, as modest investments have grown into fortunes.
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In a tweet, widely followed technical analyst CrediBULL Crypto shared details of his XRP portfolio from 2019, which has grown by about 20x since then.
He had invested $10,000 in XRP in December 2019. Notably, he acquired a portfolio of 53,692 tokens with this sum, at an average cost of $0.1835 per XRP. At the time of purchase, CrediBULL expressed optimism that in four years, his $10,000 investment could grow enough to buy him a Lamborghini.
From $10,000 to $196,512 with XRP
However, over the years, XRP encountered significant challenges that impacted its price growth. The most notable was the SEC lawsuit, which emerged exactly a year after his purchase.
According to commentators, the lawsuit kept the price under pressure, limiting XRP’s potential. As a result, XRP failed to reach a new all-time high during the 2021 crypto bull market, topping out at just $1.96 in April 2021.
This season, however, things have changed significantly for XRP. The lawsuit is finally over, and the price is soaring. In particular, the coin touched a seven-year high of $3.66 today.
With this impressive price turnaround, CrediBULL took to X once again to share an update on his earlier $10,000 portfolio. He tweeted that the portfolio had risen in value to $186,000. This implied that at the time of the update, July 17, XRP was trading at approximately $3.46.
As of today, the price has risen even further. At XRP’s peak price today, the portfolio would have been worth $196,512. In perspective, this represents a massive gain of 1,865% over the last five and a half years.
Looking back at the challenges along the way, CrediBULL remarked that he had received significant criticism for suggesting XRP would reach new all-time highs. For a coin trading below its all-time high for over seven years, many had written it off as dead.
However, that is no longer the case. Even some of XRP’s harshest critics, like Davinci Jeremie, are now forecasting a double-digit price range for the coin.
Has XRP Not Even Started Yet?
Meanwhile, a commenter suggested that CrediBULL should have held Bitcoin over the same period, citing lower drawdowns, slightly better returns, and a better risk profile. While CrediBULL acknowledged this, he expressed that XRP has not even started its run.
According to him, with Bitcoin trading around $120,000, its bull run is nearing its end, while XRP is just getting started.
Santiment analyst Brian Quinlivan expresseda similar view in a recent podcast. He remarked that while Bitcoin is dominating headlines, XRP remains in the shadows. This suggests that the real retail FOMO has yet to arrive, even as the coin performs strongly.
CrediBULL believes that in six to twelve months, the current figures for XRP will look wildly different. One of his most bullish projections for XRP this season is a price of $30, an almost 9x increase from today’s level.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect @Lachakari_Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions. @Lachakari_Crypto is not responsible for any financial losses.