Overview
- At roughly $2.20, XRP is up about 465% over three years, which would turn a $1,000 purchase then into about $5,650 today.
- Created to standardize cross-border transfers, XRP targets near-instant settlement for fractions of a cent versus traditional routes that can cost up to 7%.
- Despite the payments pitch, mainstream uptake remains limited and the token’s volatility makes it challenging for storing value.
- XRP recently hit a seven-year high of $3.65 before dropping more than 40% to about $2.10 as investors reassessed its viability as a payment mechanism.
- Coverage notes Ripple’s U.S. regulatory win earlier this year behind the rally and discloses that The Motley Fool holds positions in and recommends Bitcoin and XRP.