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Cryptocurrency News Articles
XRP Token (XRP) Soars 432% in a Year, Becoming One of the Top Gainers Among Largest Cryptocurrencies
Jan 16, 2025 at 08:21 am
XRP has soared in recent months with new catalysts and optimism for the incoming White House administration. Here's a look at what's next and a look back to where the crypto traded 10 years ago.
XRP Token (CRYPTO: XRP) is not showing any signs of slowing down in 2025 and is now up 432% over the last year, outpacing most other large-cap cryptocurrencies.
The cryptocurrency soared to a new one-month and one-year high of $3.06 on Wednesday. XRP is now trading at its highest price since early 2022.
The price of XRP has surged higher in recent months amid optimism for the incoming White House administration and rumors of large transactions of the cryptocurrency ahead of Donald Trump's inauguration on Monday, Jan. 20.
Several executives from Ripple Labs (NASDAQ:0.56%)( the company behind XRP Token) also recently met with Trump and shared a photo on social media platform X.
A photo of the meeting was shared on Twitter by Trump, showing Ripple CEO Brad Garlinghouse and Chief Legal Office Stuart Alderoty with the former president.
"Met with crypto leaders from Ripple Labs at Mar-a-Lago. They are working on a digital payment system that will save our country billions of dollars. Also discussed the SEC and Ripple case at length. Complete cooperation!" Trump wrote.
While the meeting could be a sign of future cooperation between the two parties and an end to legal challenges against Ripple, XRP has soared higher despite the company being embroiled in a lawsuit with the SEC.
The SEC is now expected to file an opening brief in the appeal for its case against Ripple by Friday, Jan. 15.
In July 2023, Ripple received a favorable ruling on the case, which was brought by the SEC over allegations that the company sold XRP as an unregistered security. The case could now be dismissed under the new administration.
إفادة صحفية كاملة
Not all cryptocurrencies have been around for 10 years or more, but XRP is one of the cryptos that has shown a long history of price action.
XRP dates back to 2012, but for this hypothetical investment the price from 10 years ago is used.
XRP traded at a high of $0.01654 on Jan. 15, 2015. A $1,000 investment at the time could have purchased 60,459.49 XRP.
Today, that $1,000 investment would be worth a staggering $185,006.04. This represents a potential return of 18,400.6% over the past 10 years.
While it is less likely that XRP will gain the same 18,400.6% over the next 10 years, the hypothetical investment shows how a small investment in cryptocurrency can grow over time if the crypto remains relevant and has major use cases and adoption like XRP has.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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