Ripple’s XRP coin was worth $0.0065 in 2016. You would receive 153,846.153 coins if you bought $1000 of XRP back in 2016. XRP has risen over 7400% since its 2016 price levels. In 2024, the value of 153,846.153 tokens worth XRP would be $75,230.76.
Also Read: Can Ripple’s Partnership With 10 Governments Aid XRP’s Growth?
You would have earned $523,076.92 if you held out until XRP reached its highest price of $3.40, in January 2018. That’s more than half a milllion dollars.
When will Ripple’s XRP reach its highest level?
The price of XRP has fallen significantly since the peak in 2018. The price of XRP has fallen by more than 85% since its peak in 2018.
Since reaching its peak of 2018, XRP is in a terrible state. This asset is down more than 85% from its previous peak.
Ripple has been in legal conflict with the US SEC for some time, which is why the asset is not performing well. Fintech was founded by sued The cheapest way to buy a car is by using financial In December 2020, the watchdog will investigate the company on grounds of selling securities that were not registered. The lawsuit has severely slowed down the price of XRP. XRP’s price did not increase during the 2021 bull market, but other assets did.
Also Read: Ripple vs SEC Lawsuit: Will SEC Free Ripple XRP After Ethereum
A US District Court partially ruled in favor of the fintech firm last year. It stated that selling XRP retail customers did not violate US Securities Law. This case is currently before the US high court.
After the SEC’s lawsuit is concluded, Ripple’s XRP will most likely regain its previous high. Sean McBride is another former Ripple director who holds the same belief. McBride said that XRP won’t move until ‘Judge Torres makes her decision.’ McBride called people who don’t agree with him as “delusional.” If the high courts rules the same as the district courts, XRP’s adoption and value could skyrocket.
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Source: watcher.guru