The market has seen massive price movements in the last few days. Most have shown a good trajectory since the landscape started developing. However, some are struggling to find their footing. One such token is none other than XRP.
XRP has had a great run in the past. The token is popularly seen as one of the big names in the industry. About seven years ago, Ripple reached its all-time high of $3.84. However, the market indicators suggest that a change could be coming.
The SEC was hellbent on revamping the crypto market with its monolithic approach. However, there seems to be some shift in attitude as the SEC is going through a redeeming phase. As a result, it is making efforts to create regulations that are crypto-friendly in nature.
Is XRP Good In The Long Haul?
At press time, XRP is trading for $2.00, with a 0.40% uptrend. This suggests a slow yet positive movement. In fact, the token hit its all-time low in 2014. Since then, it has recovered its value and grown by 71689.44%.
Some analysts suggest that XRP has the potential to maximize its profitability. For example, if someone had invested $1000 during the all-time low of $0.002802, then the overall price of their holding would have easily been close to $712,920.78. This shows an increase of 71,192%.
Therefore, XRP might be struggling to maintain its footing at the moment, but it does show a good ROI in long-term investments. As a result, now seems like the best time to invest in XRP before the buying prices of the token start spiking.
