- XRP’s past price surge indicates potential future gains for investors.
- XRP’s DeFi ecosystem growth supports long-term optimism.
Co-founder of Black Swan Capitalist Vandell Aljarrah contends that an early investor in XRP would have profited millions when it reached its all-time high (ATH).
As XRP is currently in a low position, Vandell sees a similar opportunity for investors going ahead. He thinks there is a lot of chance that XRP would bounce back from its losses with the approaching bull market in 2025.
If you had invested $5,000 in #XRP in January 2016 at a price of $0.0065 per XRP & sold at its all-time high of approximately $3.84 in January 2018,
Your $5,000 investment in January 2016 would have grown to approximately $2,953,846 by January 2018.
This is what 2 years in this…
— Vandell | Black Swan Capitalist (@vandell33) June 20, 2024
Profit-Making Opportunity in XRP for Investors
In January 2016, Vandell calculated that if someone had purchased $5,000 in XRP at $0.0065 per coin and sold it at its ATH of about $3.84 in January 2018, their initial investment would have increased to $2.9 million, representing a 58,976% return in just two years.
Right now, $5,000 invested in XRP at $0.4871 would get around 10,263 coins. Your investment might increase to around $39,410, generating a significant return, if XRP reaches its ATH of $3.84 once more during the anticipated bull run in 2025.
In his tweet, Vandell emphasizes the enormous profit potential that has existed in the crypto industry and exhorts investors to consider possible future gains.
This forward-looking viewpoint, in the meantime, makes investors think about how XRP will fare in the long run and how Ripple’s ecosystem will continue to grow, influencing the direction of digital banking.
Optimism Amidst Challenges
Despite the continuous difficulties facing Ripple, Vandell is upbeat about the future of XRP. What distinguishes this is the continuous expansion of the DeFi ecosystem of the XRP Ledger.
Since Automated Market Maker (AMM) capability was integrated onto the network in March, several AMM pools have emerged, pushing Total Value Locked (TVL) above 15 million XRP. Future plans call for Ripple to launch an EVM sidechain and a native lending protocol for the XRPL.
Meanwhile, CoinGecko data shows that the price of XRP at the moment of writing is $0.4871, down 1.70% in the last 24 hours but up 2.14% over the last week. Previously, CNF reported on the bullish outlook of a well-known analyst who believes that the price of XRP is about to reach crucial support before rising once more.
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