Investing early in XRP with as little as $100 weekly from September 2013 to January 2018 might have raked in $5 million for the more patient backers.
XRP currently has a less bullish outlook and has generally failed to print a notable uptrend since the rally it recorded last July when Judge Analisa Torres ruled on its status in the SEC case.
XRP now trades at $0.5128 with a 2.58% growth in 24 hours. Despite being regarded as undervalued, XRP is still up by 18,188.86% from its All-Time Low (ATL) of $0.002802, according to CoinMarketCap’s data as of July 7, 2014. Investors who dived the coin at the time might be in the millions today.
The XRP Millionaire Journey – Historical Trends
XRP is not a memecoin with the usual parabolic price growths. However, as a coin that finds deep use in payments and cross-border transactions, its growth since inception has been notably bullish.
Before its listing, XRP’s price was much lower in 2013. If an investor put $100 weekly into XRP from September 2013 until the coin hit its All-Time High (ATH) of $3.84 on January 4, 2018, the total capital would sit at $22,700.
At this point, the Portfolio’s growth would have been up by 23,311% to at least $5 million. Notably, these estimates are based on historical price trends in XRP; it does not take into account other factors that might have impacted the coin’s valuation within this period.
XRP’s Future Prospects
From the current valuation, which pegs the market capitalization of XRP at $27,933,469,641, the chances of the coin recording unprecedented moves are quite low. However, many market experts are optimistic about XRP’s future prospects, with an optimistic projection of a likely 55X growth in decades to come.
While the coin’s growth has not been promising lately, top market Analyst, Ali Martinez presented a TD Sequential-backed insight that shows now might be the right time to buy the asset, a showcase of imminent, short-term run.