Here’s How Much $100 Invested In XRP Token Today Will Be Worth If Crypto Returns To All-Time Highs
By Benzinga
The cryptocurrency XRP Token (CRYPTO: XRP) from Ripple soared on Thursday after a U.S. judge issued a favorable ruling in a case dating back to 2020.
Here’s a look at how much an investment in the cryptocurrency today will be worth if XRP returns to all-time highs.
Landmark Court Ruling For Crypto Sector: U.S. District Judge Analisa Torres determined that the sale of the XRP token by Ripple is not an offer of “investment contracts.” Ripple previously spent a significant amount of money fighting claims brought on by the SEC that XRP was a security.
Ripple and the broader cryptocurrency community celebrated the landmark ruling from the judge that comes at a time that the SEC has labeled several cryptocurrencies as potential securities.
This development prompted various cryptocurrency platforms, such as Coinbase Global Inc (NASDAQ:COIN), to consider reinstating XRP as a tradable cryptocurrency for their investors and traders.
The ruling sent XRP significantly higher, and many other cryptocurrencies saw large gains on Thursday on the back of the judge’s decision.
Related Link: How To Buy Ripple (XRP)
Investing $100 in XRP Today: The XRP token traded between $0.3134 and $0.8875 on Thursday, setting new 52-week highs.
Despite the sharp increase and volume gains, the cryptocurrency still trades far off from its all-time highs.
XRP hit an all-time high of $3.84 on June 4, 2018.
At the time of writing, XRP trades at $0.7766. Based on this price, a $100 investment could purchase 128.77 XRP.
If XRP returns to an all-time high of $3.84 set in 2018, the $100 investment would be worth $494.48. This represents a potential gain of 394.5%.
There is no guarantee that the XRP Token will return to its all-time highs.
The hypothetical investment shows that a small investment could gain over time if the cryptocurrency market returns to its high mark.
Photo: Shutterstock
