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Over the past few years, the financial world has been mesmerized by the significant price increases in the cryptocurrency space. Among these crypto assets, XRP (XRP) has stood out as one of the most notable performers, solidifying its position as the fifth-largest cryptocurrency by market capitalization. In this analysis, we will explore the return on investment (ROI) resulting from a $100 investment in XRP ten years ago.
How Much Would $100 of XRP Be Worth?
XRP entered the crypto scene in June 2012 with an initial launch price of just one cent. However, in a little over a year, by August 2013, it experienced a staggering increase in value, surpassing 100 times its modest beginnings. From the end of August 2013, when XRP was trading at around $0.005 per token, to August 31, 2023, the cryptocurrency witnessed a remarkable price increase of 10,300%.
According to CoinStats data, this means that a $100 investment in XRP ten years ago would now be worth over $9,300, representing a ROI of approximately 9,200%.
XRP Price Analysis
At the time of writing, XRP was trading at $0.52, experiencing a decrease of approximately 1% in the last 24 hours. While the crypto token gained only 0.2% over the past week, it suffered a loss of over 25% on the monthly chart due to increased uncertainty surrounding Ripple‘s legal battle against the SEC and a broader market downturn.
This means that XRP has lost almost all the gains it made from the partial victory it achieved in court against the securities regulator last month. Nevertheless, the crypto asset’s gains since the beginning of the year remain strong, with an increase of over 50%.
A team looking to gain more insight into future price movements used a machine learning price prediction algorithm on PricePredictions.com on August 31. The tool predicts that XRP will be trading at $0.52 on September 30, 2023, indicating little change compared to its current price.
