XRP’s previous surge in price suggests potential future gains for investors, according to Vandell Aljarrah, co-founder of Black Swan Capitalist. Aljarrah points out that early investors in XRP could have made millions when it reached its all-time high. With XRP currently at a low position, Aljarrah believes there is a similar opportunity for investors in the future. He predicts that XRP will bounce back from its losses with the upcoming bull market in 2025.
In January 2016, if someone had invested $5,000 in XRP at a price of $0.0065 per coin and sold it at its all-time high of approximately $3.84 in January 2018, their investment would have grown to around $2.9 million. This represents a staggering 58,976% return in just two years.
Currently, investing $5,000 in XRP at a price of $0.4871 would yield around 10,263 coins. If XRP reaches its all-time high of $3.84 during the anticipated bull run in 2025, this investment could increase to approximately $39,410, offering a significant return.
Aljarrah emphasizes the immense profit potential in the crypto industry and encourages investors to consider the possible gains in the future.
Despite the challenges faced by Ripple, Aljarrah remains optimistic about the future of XRP. He highlights the continuous growth of the XRP Ledger’s DeFi ecosystem as a promising factor. The integration of Automated Market Maker (AMM) capability onto the network has led to the emergence of several AMM pools, pushing the Total Value Locked (TVL) above 15 million XRP. Ripple also has plans to launch an EVM sidechain and a native lending protocol for the XRPL.
As of the time of writing, the price of XRP is $0.4871, experiencing a 1.70% decrease in the last 24 hours but a 2.14% increase over the last week. Despite this, a well-known analyst predicts that the price of XRP is about to reach crucial support before rising again.
In conclusion, XRP presents a profit-making opportunity for investors, with the potential for significant gains in the future. The growth of Ripple’s ecosystem and the positive outlook for XRP contribute to long-term optimism.