Despite the ongoing lawsuit with the SEC, it is not surprising that the digital asset has reacted to the positive news, with rumors that Ripple has plans to go public.
Return on Investment Statistics for Ripple
Price and Volume rallies reveal the efficiency of different blockchains. In the XRP sample, the clearing time is 3.1 seconds and the transaction fee is only $ 0.0004.
Altcoin emerged as a fast and incredibly affordable altcoin. This resulted in XRP to rank as the best performing coin in the past seven days and the price increased by 52.45%.
Increased social activity on the XRP blockchain, positive price action against Bitcoin and Ethereum over the past two weeks, and increased trade volume have been key factors in XRP’s price rally.
Volatility remained substantially lower, according to the chart above: It fell by about 40%. This development is based on comparison with the last bull run. In the 2017 bull run, the price gained 68300%.
HODLers have seen three-digit returns since the beginning of the altcoin rally. Based on data from Messari, short-term return on investment made XRP profitable for individual traders.
Why XRP Is Preparing For A Long-Awaited Price Rally?
According to the price chart above, both short and long term ROI are extremely profitable for HODLers.
Volatility is relatively high, and if traders are looking for less volatile assets with a lower rate of return, altcoins like Ethereum and BNB might be the right choice.
XRP remains below its value at the current price level. However, the price is expected to continue rising.
The case filed by the SEC may have been the catalyst event in the XRP’s price rally, as the lawsuit prompted the support and demand of traders.
Despite the controversy over the SEC case, there appears to be high demand for XRP. With a price increase of more than 50% last week, XRP is likely to continue to rise further.