In a recent statement reported by U.Today, David Schwartz, Ripple's Chief Technology Officer, highlighted XRP's remarkable growth of 1,500% over the span of seven years.

This assertion was prompted by a user's claim of loss on their seven-year XRP investment. Schwartz clarified that seven years ago, XRP was trading at around $0.033, indicating a staggering growth rate. He calculated that holding XRP over this period would yield a remarkable 47% annually.

However, it was later revealed that the user's claim of purchasing XRP over seven years was inaccurate, as they had actually bought it in January 2018, following a significant drop from its all-time high of $3.84.

Despite being the seventh largest cryptocurrency by market capitalization, XRP has faced challenges in recent years, notably its failure to reach previous peak levels during bull cycles. Factors such as the Securities and Exchange Commission's lawsuit against Ripple in December 2020 and the 2022 bear market have contributed to XRP's decline, losing over three-quarters of its market value since January 2018.

Despite these setbacks, XRP remains resilient, maintaining its position among the top 10 cryptocurrencies by market capitalization. While Schwartz's emphasis on XRP's past growth may not fully capture its historical trajectory, it hints at its potential. As of the latest update, XRP had surged by 3.12% in the previous 24 hours, reaching $0.5172, outperforming other top 10 #cryptocurrencies in terms of daily gains.