The price of XRP has become one of the biggest sensations in the cryptocurrency world this year and has shown a sustainable rise. The coin is trading at $3,277 with a limited increase of 0.16%. About three months ago, XRP price was stable and around $0.3522. It is up 503% from this price level to date.
Quarterly Rise
20,000 XRP purchased three months ago cost approximately $7,084 at a price of $0.3522. Today, the same amount of 20,000 XRP is worth $65,540 at current prices. The median retirement income in the U.S. is just under $28,000 per household, according to the latest data from the U.S. Census Bureau’s American Community Survey. In this context, it seems that an investor who invested 20,000 XRP three months ago might be better off than the average American’s retirement savings.
2017 XRP Price Rise and Projections
According to Market Strategist Bobby A, XRP is halving its growth rates compared to 2017. The analyst shared high breakout data in 2017, where XRP increased by 629%.
Since then, the coin has recorded a series of bullish breakouts with a focus around the 4,236 extension posted on the charts. With the period’s impressive growth cycles, XRP gained 1,330%. With the price of XRP rising parabolically recently, there is speculation as to whether it will reach the $5 target.
Key Factors to Monitor
A massive increase from the current price level to $15 is no easy task given the enormous supply. But Ripple 
$3.1 Labs is increasing its role within XRP’s ecosystem with new product offerings.
Products such as the RLUSD stablecoin aim to provide intense payment liquidity, which will indirectly impact XRP trading. Ripple Labs is also working on developing the XRP Ledger (XRPL). These developments and real-world asset tokenization hope to add uses for XRP that could increase its appeal in the market.
Additionally, demand for the XRP ETF product is increasing and this product will open up the coin to institutional investors. In addition, there is speculation that XRP may be included in a new altcoin national reserve in the USA, along with Solana. If it happens, this could affect the price of the coin.
New products and developments from Ripple Labs continue to strengthen XRP’s position in the market. These factors can have significant impacts on the future price movements of XRP. It is important for investors to follow these developments in terms of evaluating potential opportunities.
XRP’s performance over the last three months may be promising for investors. However, it should be noted that a repeat of past trends is not guaranteed and market dynamics may change. Investors are advised to make informed decisions by taking into account market analysis and expert opinions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
