The cryptocurrency market has witnessed several highs and lows over the past few years. Most of the assets have moved upwards, while others have disappeared into a thin air. Among this, Altcoins like Ripple’s XRP have struggled to regain their peak while recording growth. The XRP hit a record high of $3.84 in 2018 about seven years ago. As assets were about to revisit this milestone, the community was considering growth since its history low.
Looking back at XRP’s all-time low
The XRP market has been hit by a variety of hurdles by the Securities and Exchange Commission (SEC). This is reflected badly in Altcoin prices. Despite rising to nearly $4, the cryptocurrency could not even hold more than $1. In 2024, things went in a different direction for Altcoin. The assets jumped to $3.39 this year, from a low of $0.3911, $0.3911.
At the time of writing, XRP had been trading at $2.00, after an increase of 0.40% over the past 24 hours. The asset reached an all-time low of $0.002802 in 2014, about 11 years ago. Currently, cryptocurrency has increased by more than 71,689.44%.
What is the $1,000 return?
At a price of $2 per coin today, a $1,000 investment in XRP at the time of the $0.002802 trade is worth around $712,920.78. Investments in XRP would have increased by almost 71,192%. This indicates a significant increase in returns over this period. This highlights XRP growth despite some of the hurdles that the network has faced over the past few years. Adding assets to US strategic reserves could also bring XRP prices to the next level.
