This is how much you could earn if XRP reaches its all-time high of $3.40

XRP is currently in a volatile phase. Following the ruling by Judge Analisa Torres in the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) early last month, the price of the cryptocurrency rose by almost 50% in a short period of time, peaking at $0.64. However, the value has since fallen again and is currently around $0.55 at the time of writing.

Despite this volatility, XRP’s potential for fast, cost-effective international payments and cross-border transactions remains significant, with many investors hoping that XRP can match or even surpass its all-time high (ATH) from 2018, when it reached $3.40.

This is how much you can make if you invest €1000 in XRP and it rises to its all-time high

Now that the legal hurdles have largely been cleared, many analysts believe that XRP has a new chance to reach or even surpass its previous ATH. This could yield significant gains for investors. For example, a rise from the current price of $0.55 to $3.40 would represent a return of almost 520%.

With an investment of $1,000 you could earn almost $6,200.

Major altcoins under pressure

It remains uncertain whether XRP can reach its all-time high again. According to crypto analyst Altcoin Sherpa, investors should be patient, as major altcoins like XRP are likely to remain under pressure for some time. While Bitcoin (BTC) has started 2024 strong, many other digital coins are not immediately benefiting from this.

Sherpa emphasizes that the altcoin market, including XRP, is still very volatile. Therefore, it is important for investors to adopt a long-term strategy and remain patient. Despite the promising potential of XRP, the coming months may still be challenging.

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