What if you had invested $1,000 in Ripple’s native token XRP in 2018? That was six years ago and hoped that it would deliver you stellar profits in the long run. In this article, we will highlight how much an investment of $1,000 in XRP done in 2018 will be worth today in July 2024.
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In July 2018, Ripple’s XRP was trading at $0.45 and was the most talked about cryptocurrency in the market. However, it dipped relentlessly in the charts since then and struggled to climb above the $1.5 mark.
An investment of $1,000 in XRP in 2018 could have fetched you 2,222 tokens. Fast-forward to 2024, XRP is currently hovering around the $0.60 mark. Therefore, the altcoin has spiked only 15 Cents in the last six years amid all the ups and downs.
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Therefore, an investment of $1,000 in XRP in 2018 is worth $1,335 in July 2024. That’s an uptick and return on investment (ROI) of 35% in the last six years. Other leading cryptocurrencies, even meme coins have generated more returns than Ripple’s XRP.
Ripple XRP’s Current Performance
Ripple’s native cryptocurrency XRP is trading around the $0.60 mark on Tuesday morning. The leading altcoin performed fairly better during the second half of 2024 and remains on the greener side of the spectrum. It is up nearly 38% in the last 14 days and is carrying bullish momentum in the charts. Nonetheless, it is down nearly 83% from its all-time high of $3.40, which it reached in January 2018.
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XRP is receiving a good influx of investments lately as the SEC lawsuit is coming to an end. All indicators point toward Ripple winning the case while the SEC could face a defeat. When that happens, XRP’s price could skyrocket in the indices leading to stellar returns to investors.
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