- 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 $254, representing a potential gain of 250%. However, if youv’e been holding since all time lows of 2020, you would see a gain of over 1,500%
- 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 $253, for a potential gain of 250%. If you bought and held XRP from its peak low in 2020, a return to all time high would yield a 1,500% return from entry. To see this type of return now, XRP would have to reach a price of $26.50, which is around 16 times higher than its current price. 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.
Key Takeaways
- Recent developments like potential ETFs and investments have boosted XRP.
- XRP has rallied from lows but remains below its all-time high.
- A hypothetical $100 investment could yield significant gains if XRP returns to its peak price.
- However, there are no guarantees XRP will reach these levels again.
