Following the massive plunge in XRP price below the $0.47 mark, some investors are leveraging the dip to acquire the token at discounted prices.

The broader crypto market has continued to witness colossal selling pressure. The market is reacting to concerns about the geopolitical tension in the Middle East, with many predicting it could lead to global recession. The stock markets in Japan, U.S. and India are recording intense selloffs.

Expectedly, the bears have capitalized on the angst to spark massive sell pressure. This renewed sell pressure has led to a devastating collapse in the prices of Bitcoin and altcoins, such as XRP. For instance, Bitcoin, which soared to nearly $70,000 last week, is trading at $52,620 at press time.

XRP Crashes Below $0.47 From $0.6541

Based on XRP’s correlation with Bitcoin, the token has also witnessed a massive decline over the past week. Recall that XRP recently surged above $0.65 amid rumors about a potential settlement in the SEC v. Ripple lawsuit.

Currently, XRP is trading below the $0.47 territory, with a token priced at $0.4678. This represents a decline of 15.26% over the past 24 hours and a drop of 23.4% in the weekly charts. It also reflects a 28% drop from XRP’s weekly high of $0.6541, registered on July 31, 2024.

How Much XRP Investors Can Buy with $1,000, $5,000, and $10,000 At $0.4678

While this decline has left many investors in regret, others have seized the opportunity to acquire XRP at discounted prices. Consequently, The Crypto Basic recently analyzed how much XRP you can acquire with $1,000, $5,000, and $10,000 at the current price.

With $1,000, an investor can purchase 2,137.66 XRP at the current price of $0.4678. However, as of last week, when XRP traded at $0.6541, this $1,000 would have fetched the investor only 1,528 XRP.

Also, at the current exchange rate of $0.4678, an investor can purchase 10,688 XRP with $5,000. As of last week, this $5,000 would have only acquired 7,644 XRP when the token traded for $0.6541.

Furthermore, $10,000 will purchase 21,376 XRP today, compared to the 15,288 tokens that could have been acquired when XRP was priced at $0.6541 last week.

Potential Returns If XRP Reclaims Previous ATH

Meanwhile, despite the recent price decline, several market watchers, including “XRP Avengers,” have projected that the token will revisit its previous ATH of $3.84 in the 2024/2025 market cycle. If this prediction materializes, investors who purchase XRP with $1,000, $5,000, and $10,000 could make huge returns.

For instance, 2,137 XRP purchased with $1,000 today could be worth $8,206 if the token reclaims its previous ATH. Similarly, the $5,000 and $10,000 investments in XRP today would respectively skyrocket to $41,041 and $82,083 if the token revisits the $3.84 price territory.