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The cryptocurrency XRP Token
“XRP and the XRP Ledger are among the most familiar and trusted blockchains in crypto,” Horsley said.
While XRP has risen in value in recent months, the cryptocurrency remains down from all-time highs.
With Bitcoin and Ethereum ETFs already approved, cryptocurrency experts see ETFs based on other top 10 cryptos by market capitalization like Solana, Dogecoin, and XRP as the next to be approved.
+ Free Alerts from Ripple have soared in price over the last week, with optimism coming from an XRP exchange-traded fund and news that Ripple will invest in a newly rebranded physical XRP ETP.
Bitwise CEO Hunter Horsley said XRP’s utility and reliability are among the reasons investors are excited about XRP.
XRP Token will break Barriers
The XRP token has gone through many wild swings over the years, with a case brought on by the SEC alleging XRP to be a security, sending the price and interest in the cryptocurrency down.
investing $100 in XRP Today: XRP trades at $1.51 at the time of writing, up 9% over the last 24 hours.
A $100 investment today could purchase 66.2252 XRP.
XRP hit an all-time high of $3.84 on June 4, 2018.
If XRP returns to its 2018 all-time high of $3.84, the $100 investment would be worth $254.30. This represents a potential gain of 154.3%.
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.
