The current XRP price is comparable to the 2012 Bitcoin prices

The XRP Ripple token has had a fantastic start to 2018. In January, the asset broke the $3 barrier for the first seven-year period. In July, XRP reached a new high of $3.65. This bullish surge was probably due to SEC Ripple settled their case. XRP’s price could rise dramatically in coming years. Why is XRP currently priced at the same level as Bitcoin was in 2012?

Buy XRP today, is it comparable to buying Bitcoins in 2012

Bitcoin (BTC), which was valued at $13.50 in 2012, ended the year with a price of around that amount. BTC’s value has increased by 900,000% or more since the close of 2012. BTC is the one that has gained most in recent years. Around the collapse of FTX, in November 2022 the price of the original crypto plummeted to $15,000. BTC’s growth has been incredible since 2022. XRP may follow a pattern similar to BTC in the next few years.

The approval of spot BTC ETFs is one of the biggest catalysts of Bitcoin (BTC’s) explosive growth over the past year. In 2024, the US SEC created history by approving 11 BTC spot ETFs. This led to a massive inflow of institutional money into the asset. The growth of an asset is largely dependent on institutional money.

SEC has approved several spot XRP-ETF applications. Between Oct. 18-25, the financial regulator will make a decision on several applications for XRP-based ETFs. Grayscale Bitwise WisdomTree 21Shares Canary CoinShares Grayscale Bitwise WisdomTree 21Shares Canary CoinShares Grayscale Bitwise WisdomTree 21Shares Canary and CoinShares are among the firms that have submitted these applications. The approval of an ETF could push XRP to new levels.

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Ripple’s adoption is expected to grow in the coming years. Several Japanese banks use the XRP Ledger to send money across borders. Similar patterns could be seen in the US.