If you had invested $100 in XRP in January 2024, when its price was around $0.37, you would have acquired approximately 270 XRP token.
XRP experienced several price fluctuations throughout the year, largely influenced by market conditions and Ripple's legal outcomes. By October 2024, the price increased to about $0.54, resulting in significant growth for XRP investors.
Your $100 investment would now be worth approximately $145.80, reflecting a profit of around $45 in just 10 months. This gain demonstrates the cryptocurrency's resilience, despite broader market challenges, and highlights the potential for significant returns even within a relatively short period.
Calculation:
- January 2024: $100 ÷ $0.37 per XRP = 270 XRP
- October 2024: 270 XRP × $0.54 per XRP = $145.80
- Profit: $145.80 - $100 = $45.80
