Five years ago, XRP (CRYPTO: XRP) was sometimes touted as the little cryptocurrency that would someday be favored by big banks. Fast-forward to November 2023, and mega-banks aren't exactly scrambling to adopt it as a form of currency.

Still, this story isn't finished and XRP might still someday be a preferred currency to facilitate foreign-exchange transactions and cross-border payments. Before that could realistically happen, though, XRP (and the company behind it, Ripple Labs) must first survive a David-and-Goliath battle with a seemingly unstoppable regulatory body.

Five years ago, at the end of October 2018, XRP traded at about $0.45 per token. Back then, the world of altcoins was akin to the Wild West, though regulators would step up their oversight and legal pressures soon enough.

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Source Fool.com