Here’s How Much Your Investment Would Grow if XRP Reaches ATH of $3.70
The post Here’s How Much Your Investment Would Grow if XRP Reaches ATH of $3.70 appeared on BitcoinEthereumNews.com.
Market participants could see their XRP investments increase by impressive margins if XRP ever reclaims its all-time high of $3.70. XRP has continued to face bearish pressure amid the ongoing market uncertainty. While the rest of the market has also suffered similar declines in recent times, with Bitcoin (BTC) dropping below $60,000, XRP’s bearish situation is more concerning due to its earlier underperformance. XRP’s Underperformance Notably, from Q4 2023 to Q1 2024, the broader market recorded an impressive uptrend. This uptrend saw BTC breach its all-time high earlier than expected, with altcoins like Ethereum (ETH) and Solana (SOL) engineering impressive gains to recoup most of the bear market’s losses. However, XRP failed to record any significant growth within this period. This trend reminded market participants of XRP’s general underperformance in the 2021 bull run, as it failed to reach a new all-time high. Nonetheless, some analysts attribute the 2021 underperformance to the SEC’s lawsuit against Ripple. They argue that, with XRP now declared a non-security and the SEC lawsuit finally over, XRP could be gearing up for an impressive run, eventually reclaiming its all-time high of $3.70 or possibly overtaking it. ROI if XRP Reclaims $3.70 ATH Amid these speculations, market commentator Crypto Assets Guy recently assessed how much an investor’s XRP stash could increase if XRP witnessed such a surge. Notably, his assessment pointed out the returns that could be in store for investors if they capitalize on the recent XRP drop. For context, XRP has dropped from the $0.74 yearly peak as the broader market corrects, currently trading for $0.5675. Nonetheless, some see this dip as a proper buy opportunity, expressing confidence in XRP’s ability to engineer a recovery push now that it boasts legal clarity. Crypto Assets Guy recently pointed out that if a market participant purchases…
Filed under: News - @ August 31, 2024 8:09 am