Market Expert Shows How $5,000 in XRP Can Still Become $2.95 Million

Vandell Aljarrah (@vandell33), a co-founder of Black Swan Capitalist, recently offered insights into the potential future value of XRP.  Aljarrah analyzed XRP’s historical performance and the impact of its growing utility on its price.

Aljarrah highlights the significant gains experienced by early XRP investors. In January 2016, XRP traded at a mere $0.0065.  Investors who purchased XRP at this time and held until the January 2018 peak of $3.84 witnessed a remarkable 58,976% increase in their investment over two years. Aljarrah pointed out that a $5,000 investment in January 2016 would have translated to roughly $2.95 million by January 2018.

Read Also: Can XRP Reach $10,000? Analyst States Why You Should Not Sell XRP

This historical surge exemplifies the potential for substantial growth within the cryptocurrency market. However, replicating such a gain may be challenging due to XRP’s current market cap and the need for significant capital inflow to trigger a similar price rally.

Utility as a Key Driver

Despite the challenges, Aljarrah expresses optimism regarding XRP’s future.  He anticipates that future growth will likely surpass the previous surge, driven primarily by the expanding utility of XRP.

The XRP Ledger’s DeFi ecosystem is undergoing significant development, with the introduction of Automated Market Maker (AMM) functionality in March 2024. Multiple AMM pools are live, and the Total Value Locked (TVL) has surpassed 15 million XRP.

The potential introduction of Ripple USD (RLUSD), Ripple’s highly anticipated stablecoin, is another factor that could bolster XRP’s adoption. Furthermore, Ripple is exploring the development of a native lending protocol and an Ethereum Virtual Machine (EVM) sidechain for the XRPL network.

An increase in XRP’s utility could lead to another significant price increase. If a similar price movement to the 2017-2018 bull run were to occur, a $5,000 investment in XRP today could translate to $2.95 million if XRP climbs to $289. Prominent analysts have set targets around this range, and a notable one is the $288 target set by Javon Marks (@JavonTM1).

Read Also: Making XRP a Reserve Currency: Experts Explain Role of 40 Billion XRP in Escrow

While past performance is not necessarily indicative of future results, the historical growth of XRP demonstrates the cryptocurrency market’s potential for significant returns.

Aljarrah’s analysis also suggests that XRP’s future value could be driven by the ongoing development of its utility within the XRP Ledger ecosystem. These new and significant developments could give XRP the momentum needed to create this historical rally.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.

---

Follow us on Twitter, Facebook, Telegram, and Google News