XRP’s price surged after the SEC lost much of its case against Ripple. New ETFs could drive its price higher, but investors shouldn’t expect the same millionaire-making gains. XRP’s value skyrocketed from $0.006 to $3, making early investors millionaires. Can it replicate this in the future?

Ripple Labs founders created XRP in 2012 as a bridge currency for cross-border transfers. Unlike Bitcoin, XRP can’t be mined and was pre-mined before its market debut. However, a lawsuit from the SEC in 2020 caused XRP to be delisted and lose major customers, depressing its price.

After a lawsuit concluded in 2024 with a lighter-than-expected fine for Ripple, XRP’s price surged over 500%. Exchanges relisted XRP, firms applied for XRP ETFs, and Ripple even sought a U.S. banking license. XRP’s future looks brighter, but challenges remain for its growth potential.

XRP faces challenges in becoming a millionaire maker again, including the rise of stablecoins and lack of native support for smart contracts. The Federal Reserve’s interest rate decisions could also impact XRP’s price and future growth potential. XRP’s current market cap is $180 billion.

For XRP to turn a $2,500 investment into $1 million in 10 years, its price would need to surge 39,900% to $1,600 and its market cap exceed $70 trillion. With competition from other assets like gold, Bitcoin, and Ethereum, XRP may not become the most valuable cryptocurrency.

While XRP’s future is promising, investors shouldn’t solely rely on it for millionaire-making gains. Consider other top-performing stocks recommended by the Motley Fool Stock Advisor team for potentially higher returns. Evaluate all investment options before making decisions based on XRP’s potential.

Read more at Yahoo Finance: Is XRP a Millionaire Maker?