A €1,000 investment in XRP in January would have earned you this now

For Ripple, the company behind XRP, 2023 is a banner year. The company won a major victory in its legal battle with the American Securities and Exchange Commission (SEK). This special year is accompanied by a remarkable price action of XRP. Given the current XRP price, how much money would you have had if you had invested 1,000 euros in XRP on January 1st?

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86.25% XRP increase

On the first day of the year, the XRP rate in euros was 0.3152. At that time there was still a lot of uncertainty about the dispute with the American regulator and the crypto market as a whole was completely different than it is today. Since the bankruptcy of the crypto exchange FTX was still fresh in our minds, the bear market was still in full swing at this point.

At the time of writing, 1 XRP corresponds to a price of 0.5890 euros. This means that XRP has recorded an increase of 86.25 percent so far this year. If you had invested a total of 1,000 euros in the popular altcoin on January 1st, it would now have been worth 1,862.5 euros.

Unlike Bitcoin (BTC), XRP is currently not at its highest price of the year. After a court ruled last July that the sale of XRP on exchanges did not fall under securities legislation, the price skyrocketed to an all-time high of over 0.73 euros. However, the full price explosion triggered by the positive news from the courtroom had completely subsided in just over a month.

Since mid-October, XRP has been following Bitcoin’s upward trend again. However, Bitcoin is currently in the spotlight as possible approval from numerous exchange funds is expected in January. As a result, Bitcoin is currently performing significantly better than XRP and most of the crypto market.

20 euros free crypto

Are you looking for a reliable place to buy and sell cryptocurrencies like XRP? The largest crypto exchange in the Netherlands, Bitvavo, is now giving new users 20 euros in free credit. Follow this link to claim the bonus immediately. For example, 20 euros corresponds to 33.70 XRP! Trade XRP or any of over 200 other cryptocurrencies on Bitvavo.

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