The recent tariffs imposed by US President Donald Trump got the best of the cryptocurrency industry. Several assets were seen recording massive downfalls. Ripple’s XRP wasn’t spared either. The fourth largest cryptocurrency went from trading at a high of $2.22 down to a low of $1.99. Despite starting the new month of April on a bullish note, the asset was seen facing several roadblocks. But some were viewing the altcoin’s latest plummet as a good investment opportunity that could grow over the next few years.
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How Is Ripple’s XRP Faring At The Moment?
At the time of writing, the altcoin was trading at $2.07. This comes after a drop of 0.65% over the past 24 hours. It should be noted that XRP, similar to the rest of the market, had a rather bloody March. The asset dipped by over 11%, causing chaos in the market. But the cryptocurrency was seen slowly yet steadily recovering.
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2028 Price Prediction
According to data from CoinCodex, Ripple’s XRP is all set to witness impeccable growth during the next few years. The asset is expected to trade at $1.876519 in the year 2028. The highest that XRP will rise to is $6.09 during the same year. This will occur in the final quarter of the year. The average yearly price of the asset stands at $2.48. Compared to the present rates, this may yield a potential return on investment of 193.88%.
At the asset’s current price, an investment of $2,000 would bring in a total of 966.18 XRP. If the altcoin manages to reach the predicted $6.09 milestone in 2028, investors could bag notable profits. This implies that over the following few years, an initial $2,000 investment would increase to almost $5,884.06. It would rake in a profit of $3,884.06 which is nearly a 194% return.
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