Cryptocurrency expert SMQKE shared an essential thing XRP holders must be remembered when it comes to the price of an altcoin. He alluded to the token’s historic price enhance and noted that XRP is better positioned to post more significant gains following Ripple’s recent acquisitions.

What to keep in mind about the price of XRP

In Post XSMQKE reminded XRP holders that the token delivered a nearly 350x return between 2017 and 2018, while Bitcoin and Ethereum during this period it increased 14x and 100x, respectively. He noted that this meant that the enhance in the price of XRP was approximately 24 times greater than the enhance in the price of Bitcoin.

The expert noted that this occurred before Ripple had completed any of its own huge institutional acquisitionswith XRP seeing these gains simply due to early network momentum. Fundamentals are now considered to be more bullish, as since 2017, Ripple has made over $3 billion in strategic acquisitions to build institutional-grade infrastructure.

SMQKE said these key moves include Ripple’s 2023 acquisition of Metaco for $250 million, which currently provides bank-grade deposit services used by G-SIBs. In 2024, the crypto company acquired Standard Custody, a New York-regulated trust services provider. Most of the acquisitions took place last year, which was beneficial for XRP.

Ripple acquired what is now Hidden Road Ripple Primefor $1.25 billion. SMQKE noted that it is a top brokerage that settles trillions of dollars annually. Last year, Ripple also acquired stablecoin payments platform Rail, corporate treasury platform GTreaury, and wallet and custody services provider Palisade.

The expert said that these acquisitions create a much stronger basis for a sustained enhance in XRP prices. He also alluded to the potential integration of XRP with SWIFT, FedNow and DTCC. On this basis, SMQKE noted that the altcoin’s past profits could only be a preview of its future network value.

Why the price is still low

SMQKE mentioned statement from former Ripple executive Marcus Treacher, who noted that XRP is not a speculative currency, but rather a long-term play for the future. He emphasized that as a result, the altcoin may enhance in value enormously in the long run Ripple builds using XRP.

Treacher noted that changing the way payments work around the world is a massive deal and once they get there XRP ledgerseverything else will start to fall into place. Meanwhile, SMQKE mentioned that news does not affect prices, but the tool does. As such, he suggested that the focus should be on expanding the uses of XRP and that the price will enhance significantly as the altcoin continues to become more popular.

At the time of writing, XRP is trading at around $1.39, up over the past 24 hours, according to data from CoinMarketCap.

Featured image from Adobe Stock, chart from Tradingview.com