If You Bought 2,000 XRP When Snoop Dogg Performed at Ripple’s 2018 Event, Here’s What You’d Have Today
2025-07-11 18:13:23
Main Idea
XRP's recent surge in value and institutional interest, fueled by Ripple's partnerships and easing legal challenges, highlights its potential for future growth, with a historical example showing significant returns for early investors.
Key Points
1. XRP has gained 26.16% in the past seven days, outperforming Bitcoin, Ethereum, and Solana, with a current market capitalization of $164 billion.
2. Ripple announced BNY Mellon as the primary custodian for reserves backing its new stablecoin, RLUSD, boosting investor confidence.
3. Expectations of XRP being listed as a spot ETF have grown, with firms like 21Shares, WisdomTree, and Grayscale filing applications.
4. Ripple's legal battle with the SEC has de-escalated, reigniting optimism among investors and analysts.
5. An investment of $1,504.60 in XRP in May 2018 (2,000 XRP at $0.7523) would be worth $5,480 today, a 264.2% gain.
6. XRP still trades below its all-time high of $3.84, but current trends and potential ETF approvals suggest strong future growth.
Description
XRP, the native token of Ripple Labs, has surged in recent days following a landmark announcement involving one of the most established banks in the United States. While today’s headlines focus on institutional adoption and regulatory clarity, it’s worth revisiting a pivotal moment in XRP’s past, one that brought the crypto community face-to-face with hip-hop royalty. XRP Rally Fueled by Institutional Confidence Over the past seven days, XRP has gained 26.16%, outperforming top-tier cryptocurren...
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