Ripple (XRP) Has Soared 15,000%. Can It Make You a Millionaire After Becoming the World's Fourth-Largest Cryptocurrency?
The winds of change within the U.S. government are blowing in favor of cryptocurrencies.
Long-term investors in XRP (CRYPTO: XRP), sometimes called Ripple after the company that developed it, have endured stomach-churning volatility. Cryptocurrency prices are prone to large swings to begin with, and a lawsuit between XRP's developer and federal regulators has clouded the token's prospect since late 2020.
Still, those who have held on to it have done well: XRP's price has risen roughly15,000% during its lifetime, including more than 300% since the election. The Trump administration has taken a more supportive stance toward cryptocurrencies, which has bolstered sentiment for XRP and other tokens.
Today, it is the world's fourth-largest cryptocurrency by market cap. Can XRP (Ripple) make you a millionaire based on its recent price, or is this token running out of steam?
