XRP surged nearly 600% from November 2024 to January 2025, becoming the top-performing major cryptocurrency during the market upswing under US President Donald Trump.
Market analyst John Squire emphasized the significance of XRP holders’ patience through years of challenges, including crashes and legal disputes. “If patience were a crypto token, XRP holders would already be billionaires,” he said.
The price rose from approximately $0.11 in early November 2024 to about $0.75 by late January 2025, supported by increased trading volumes on multiple platforms, indicating new investment inflows.
XRP’s history includes a meteoric rise of over 68,000% from March 2017 to January 2018, peaking at $3.84, followed by a 97% decline by March 2020. A subsequent rebound in November 2020 was undercut by the US Securities and Exchange Commission lawsuit, resulting in a 67% drop in December 2020.
Despite regulatory challenges, the number of XRP wallet holders grew from around 986,000 in January 2018 to over 4.5 million by December 2022, reflecting sustained interest even as some US and Canadian exchanges halted XRP trading.
While XRP’s recent rally stands out, broader cryptocurrency markets remain volatile. Bitcoin and Ethereum have experienced inconsistent performance amid cautious investor sentiment. Analysts warn that sharp price increases may lead to profit-taking, especially if market conditions worsen or the SEC lawsuit intensifies.
Some analysts like BarriC have set ambitious price targets for XRP, aiming for $100 per token, which would place its market capitalization among the largest cryptocurrencies. Achieving such growth depends on increased adoption, resolution of legal issues, and overall market stability.