If You Invested $1,000 In XRP Token 10 Years Ago, Here's How Much You'd Have Today

With a 432% gain over the last year, XRP Token XRP/USD is one of the top gainers among the largest cryptocurrencies.

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.

What Happened: XRP token soared higher on Wednesday, with a 14.8% gain and a new one-month and one-year high of $3.06. The cryptocurrency is up 29% over the last month.

The cryptocurrency continues to draw attention with speculation of new XRP ETFs getting approved and large transactions of the cryptocurrency ahead of Donald Trump's inauguration on Monday, Jan. 20.

Executives from Ripple Labs, the company behind XRP Token, recently met with Trump and shared a picture on social media platform X.

Ripple CEO Brad Garlinghouse and Chief Legal Office Stuart Alderoty were in the picture with the post, which could hint at future cooperation and the end of legal challenges against Ripple.

While XRP has not returned to all-time highs set back in early 2018, the cryptocurrency is among the top gainers in the last year of the most valuable cryptocurrencies. XRP is currently the third most valuable crypto with a market capitalization of more than $175 billion at the time of writing.

Garlinghouse also recently disclosed 75% of Ripple’s job openings are based in the U.S., a strong contrast to where the company’s hiring practices were over the past four years. The CEO also said that more U.S. deals had been signed in the past six weeks of 2024 than in the previous six months in the past year.

Ripple executives sound optimistic about the new White House administration and are letting investors and holders know that Trump could be good for the company and its token, with Garlinghouse labeling the “Trump bull market” as helping turn the cryptocurrency market around.

“Say what you want, but the ‘Trump effect’ is already making crypto great again — through his campaign, and in the administration’s day one priorities.”

While Trump becoming president could be good for cryptocurrencies and also help end Ripple’s legal battles with the SEC, he’s not the first former president to show support for Ripple.

Jan. 15 marks the SEC's deadline for an opening brief in the appeal for its case against Ripple. In July 2023, Ripple received a favorable ruling on the case. The case brought by the SEC dates back to Dec. 22, 2020 when charges were filed.

The case is one of many that could disappear under the new White House administration and could send the price of XRP even higher in the coming weeks.

Read Also: Congressman Who Wanted Airport Named After Trump Buys Bitcoin, Solana, XRP Token Ahead Of Inauguration

Investing $1,000 in XRP: 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.

Read Next:

• If You Invested $1,000 In XRP Token When Bill Clinton Spoke At Ripple Conference, Here’s How Much You’d Have Today

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