finbold.com
Despite it being one of the most prominent and recognizable cryptocurrencies in the world, the price of XRP has been depressed for years and even missed the majority of the 2024 bull market due to the 2020 Securities and Exchange Commission (SEC) lawsuit against Ripple Labs and the subsequent legal battle.
Despite the courtroom fight not being quite finished – it will enter its next and possibly final chapter in January 2025 – XRP has recently exploded in value on a string of positive news.
Specifically, Donald Trump’s re-election – and the anticipated pro-cryptocurrency pivot expected from it – and the news that SEC Chair Gary Gensler will resign on January 20 served to ignite the built-up optimism from Ripple’s courtroom wins.
Overall, the setup ensured that XRP is 351.69% in the green over the last 30 days, with a press time price of $2.33.
Here’s how much a 2020 XRP investment would have returned
Considering the SEC lawsuit served as the starting point of the dominant strand of the XRP saga – and that the sage now appears poised for an epilogue – Finbold decided how much would have an investment made in late 2020, either as a show of support for Ripple or taking advantage of the ‘buy the dip’ moment, be worth today, on December 2, 2024.
On December 22, 2020 – the day the SEC announced its case against Ripple Labs, Brad Garlinghouse, and Christian Larsen – XRP stood at $0.4484. Just one day later, the value of the token plunged to $0.2586.
This means a $1,000 investment made when the SEC unveiled its lawsuit would have initially lost nearly half its value in a day. However, by Monday, December 2, 2024, it would have grown by an impressive 123.02%, reaching $2,230.15 – a profit of $1,230.15.
An investment made one day after the watchdog’s announcement – as a show of confidence in Ripple, taking advantage of the ‘buy the dip’ opportunity, or for an entirely different reason – would have been even more lucrative.
Specifically, $1,000 invested on December 23, 2020, would have grown 286.7% by press time to a total value of $3,866.98 – a $2,866.98 profit.
Will XRP continue surging into 2025
Looking ahead, XPR’s future appears as bright as its last 30 days. Numerous analysts have taken their turns analyzing the token and trying to gauge its likely pathway to high targets such as $6.
Furthermore, a new all-time high (ATH) for XRP in 2025 appears highly likely, particularly as significant whale activity in recent weeks has bolstered ever-higher support zones.
Still, it is worth remembering that January could bring another twist in the Ripple-SEC legal battle – one with a non-zero chance of being adverse for the cryptocurrency – and the very nature of the market means that there are no guarantees XRP’s upcoming performance will mimic the current trends.
Featured image via Shutterstock