The XRP token started its journey in the market in 2012, but the first documented trading price data goes back to August 2013 when its price was only about $0.00587 — an almost negligible value for the average investor.
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🚀 The journey of XRP since August 2013
📉 Between 2015 and early 2017, XRP's price stabilized between $0.005 and $0.008, with no clear trend.
⚡ In March 2017, XRP experienced a strong breakout, and in December 2017 it surpassed the $1 mark, reaching a peak of $3.31 in January 2018.
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📊 What if you invested $1000 in August 2013?
At a price of $0.00587, you could have purchased about 170,357 XRP tokens.
Today, with XRP priced at around $3.3, these tokens would be worth about $562,000!
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🔍 Comparison with Bitcoin (BTC)
During the same period (August 2013), Bitcoin's price was about $100, meaning you could have bought 10 Bitcoins for $1000.
Today, with Bitcoin priced at around $116,684, your investment would be worth $1.16 million!
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📉 Why are XRP's profits lower than Bitcoin's?
XRP's performance was lower during the period between 2018 and 2024 due to the repercussions of the SEC lawsuit that limited its growth.
XRP began to recover from November 2024 and beyond, outperforming the market.
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🔮 Can XRP catch up with Bitcoin?
To equal the returns of Bitcoin since 2013, XRP's price must reach about $6.85, an increase of 107% from the current price, making your balance of 170,357 tokens worth the same $1.16 million that Bitcoin achieves today.
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Summary
A $1000 investment in XRP in 2013 has turned into over half a million dollars today.
A similar investment in Bitcoin produced over a million dollars.
The road ahead for XRP is still open for further growth and to compensate for the tough periods.