Currently priced at just $2, XRP presents an incredible opportunity for potential growth.
If you’re considering investing $100 in the cryptocurrency market right now, you might be shocked by current prices.
Bitcoin remains near $100,000 despite recent downturns. Ethereum is still above $3,000, and high performers like Solana exceed $100.
However, there’s a notably affordable cryptocurrency that deserves attention: XRP (XRP +1.38%). Trading at only $2, XRP is an appealing high-risk, high-reward investment option.
XRP’s Potential for Growth
XRP could potentially double in value soon. Early this year, it reached a peak of $3.65, and it’s feasible that it could approach its all-time high of $3.84 soon.
This estimate is conservative, with Standard Chartered projecting XRP could hit $12.50 by 2028.
While this may seem overly optimistic, it’s based on the increasing institutional adoption of XRP. Known as “the banker’s coin,” XRP serves as a bridge currency for efficient, low-cost, and rapid cross-border payments.
Initially, it was primarily utilized by individuals sending money overseas. Notably, Western Union was an early partner of Ripple, the firm behind XRP. Now, Wall Street banks and global institutions are increasingly using XRP for seamless international money transfers, establishing its relevance in modern finance.
Investing in XRP
Before 2025, acquiring XRP required investors to engage with major cryptocurrency exchanges, which could be problematic. After the SEC’s lawsuit against Ripple in 2020, some U.S. exchanges opted not to offer XRP.
However, following the conclusion of this lawsuit in August, several new spot XRP exchange-traded funds (ETFs) launched. These ETFs directly buy and hold XRP, providing a straightforward way for investors to gain exposure to its price movements via traditional brokerage accounts.
Final Considerations for XRP Investors
While investing in XRP through an ETF can mitigate some risks, it doesn’t eliminate them entirely. XRP’s current low price of $2 reflects its recently concluded legal battle with the SEC, emerging competition from stablecoins, and the advance of new high-speed blockchains.
Nonetheless, even a small investment in XRP could yield significant returns. If this speculative cryptocurrency fulfills its initial promise, it could become a transformative asset in an investment portfolio.
