Published on 26 Apr 2024 on Motley Fool via Yahoo Finance
If You'd Invested $1,000 in Ripple (XRP) 5 Years Ago, Here's How Much You'd Have Today
The XRP (CRYPTO: XRP) cryptocurrency, often referred to as Ripple, has experienced some wild swings over the last five years. The Securities and Exchange Commission (SEC) filed a lawsuit against the Ripple Labs organization in December 2020, throwing a spanner in its growth plans.
Soon, all the U.S. crypto exchanges had frozen their clients' Ripple balances and halted trading of the token. Since then, Ripple's price chart has soared and crashed repeatedly in response to developments in the SEC lawsuit.