Why Generational Wealth Seekers Are Silently Buying Up XRP

Photo from BitGenix on Medium.

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Back in 2012, XRP was an unknown coin worth about a penny. No one knew what it was or what it did, but its creators saw the coming digital age and the necessity for easy, low-priced secure transaction options opposed to traditional banking. Between its journey from one cent to over $2.60, XRP made a significant number of investors even wealthier. The real story is the retail traders or everyday people, who are buying up XRP to increase their own wealth.

What is XRP?

XRP is the native coin of the XRP ledger. The technology is decentralized, so no one person or group has control over the ledger. This coin has been so valuable because it solves the real-world problems of energy inefficiency and struggling connectivity. This is why everyday wealth seekers are treating this coin as an investment for long-term generational wealth and not just a coin and why the XRP price continues to rise.

Why Invest in XRP?

As mentioned, XRP solves real-world issues, and this gives the XRP coin intrinsic value. It provides more value in other ways.

1. DeFi and Tech

Further applications include payments, micropayments and “DeFi”. “DeFi“ refers to decentralized finances on a blockchain. Smart contracts can be deployed on this blockchain directly, and decentralized finances cut out the need for traditional intermediaries like banking institutions. This speeds up the process.

All of that noted, when you invest in XRP, you’re investing in the technology not just a coin. That technology, based on a strong blockchain, provides value to those who use it. The number of users has grown steadily over the past decade and even year, proving the token to be more than a trend.

2. Growth Trajectory

XRP has been on a growth trajectory seen in similar coins such as Bitcoin and Ethereum. During late October of 2024, XRP was trading at about 50 cents. It is currently trading at $2.65 which represents a roughly 427 percent growth in value. In perspective, a $100 investment in XRP back in late October of 2024 would be worth over $525, and the net profit would be over $425.

Furthermore, between late October of last year and mid-January of this year, XRP skyrocketed from about 50 cents to over $3.25. That was a 556 percent jump in value. If XRP’s past performance is any indicator, it should do well this holiday season and in the long run.

However, past performance does not guarantee future growth. At less than $2.70 a coin, XRP is no longer at its one-cent price point, but it’s still a deal. If you had bought ten Bitcoins back when Bitcoin was on the rise, you’d be a millionaire, all at the cost of a less than a dollar.

The Takeaway

Everyday people concerned with financial security and generational wealth building are turning to crypto, specifically XRP. This coin is strong because it offers real-world value to an increasing number of users. From its inception until now, XRP has made quite a few people wealthy. Its track record and intrinsic value makes it a worthy investment likely to make more everyday people wealthy.

FOLLOW the author and educator Jermaine Reed, MFA on X @Jermaine Reed, MFA for his controversial but real hot takes.