XRP, the cryptocurrency that’s been making waves in the market, has been a topic of much discussion and debate. Known for its dramatic price spikes and legal battles, it’s the price history that has many investors and analysts scratching their heads.
Let’s take a trip down memory lane, shall we? Back in 2017, XRP had one of its biggest moments. In just about two weeks, the token went from a measly $0.15 to over $3, a 20x rally that left everyone in the crypto world gasping for breath. But then, something unexpected happened. CoinMarketCap, the data aggregator, removed pricing data from several Asian exchanges, causing XRP’s displayed price to drop and panic selling to ensue.
From Pennies to Dollars: The Incredible 800x Gains
But let’s not forget that before this surge, XRP was trading at less than half a cent. In about eight months, it went from a few cents to over $3, a mind-boggling 800x increase. It was one of crypto’s wildest price runs, but it was followed by years of stagnation.
The Ripple Effect: Partnerships and Price Stagnation
Now, the analyst has been left wondering why XRP has struggled to regain those highs, especially given Ripple’s claims about partnerships. In 2018, Ripple CEO Brad Garlinghouse mentioned that the company had connected to many banks and was adding several new partners every week. By that math, the network should have expanded massively by now. Yet, Ripple’s official statements still mention “over 300 banks,” a number that hasn’t changed in years, leaving many to question the accuracy of those claims.
This lack of price movement, despite growing adoption of RippleNet and ongoing developments, has led to growing belief among investors that XRP’s price is being deliberately held back. Some call it manipulation, others believe it’s market suppression. Either way, it’s a big point of frustration for XRP holders who expected the token’s value to reflect its growing network and use cases by now.
But there’s hope on the horizon! With crypto regulations tightening and the possibility of an XRP exchange-traded fund (ETF) in 2025, the long wait might be coming to an end. 🤞
Glassnode’s recent data on XRP’s realized profits and historical performance shows patterns of accumulation and price suppression, adding further weight to claims that the token’s market value has been held back. 🕵️♂️
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2025-07-08 09:52