- The cryptocurrency XRP Token (XRP) has surged in price recently due to optimism around an XRP exchange-traded fund and Ripple’s investment in a newly rebranded Physical XRP ETP.
- If XRP returns to its all-time high of $3.84, a $100 investment made today at $1.51 would be worth $25,430, representing a potential gain of 1,543%.
- While XRP has hit new 52-week highs, it remains down from its all-time highs, and there is no guarantee it will return to those levels.
The cryptocurrency XRP token has seen significant gains recently thanks to optimism around new exchange-traded funds (ETFs) and investments. While still below its all-time high, XRP has rallied from its lows. This article looks at how a hypothetical $100 investment in XRP today could grow if the crypto market returns to peak levels.
Recent Developments Boosting XRP
Several developments have contributed to renewed interest in XRP. Asset manager WisdomTree recently filed for a potential XRP ETF, following Bitwise which also aims to launch a fund. This week, Ripple announced it would invest in Bitwise’s rebranded Physical XRP ETP.
Industry experts believe XRP ETFs could be among the next approved, after Bitcoin and Ethereum funds got the green light. A court ruling stating XRP is not a security has also removed uncertainty. Global demand for crypto exposure is surging in 2024, with XRP being highlighted for its real-world utility.
Performance of a Hypothetical $100 Investment
XRP currently trades around $1.51, up 9% in the last 24 hours. A $100 investment today would buy roughly 66,225 XRP tokens.
XRP hit an all-time high of $3.84 on June 4, 2018. If it returned to that peak, the $100 would be worth $25,430, for a potential gain of 15,430%. Of course, there is no guarantee XRP reaches these levels again. But the example shows how a small investment could grow if the crypto market revisits its highs.
