XRP price copies last year: can it rise by 480% again?

XRP has been missing its spark for a while now. It has been a long time since the price set a new record and it is now miles away from that. From the graph the end may seem near, but in fact exactly the same path is being followed as a year ago. Then followed a historic increase of almost 500 percent in a few weeks.

XRP in familiar pattern

The crypto market has been suffering from headwinds for a long time and XRP is not spared either. Ripple’s cryptocurrency has been hit hard in recent months, but surprisingly remains one of the stars of this entire bull market.

While many altcoins barely budged, XRP made an impressive climb. That has everything to do with the unprecedented rally that started just over a year ago.

When Donald Trump won the US presidential election, the currency shot up 480 percent in less than a month. After a short breather, a new explosive sprint followed in January, with which XRP set a fresh price record for the first time in seven years.

The currency gained one last time in July, but since then it has been a painful descent. Yet the picture looks different when we zoom out.

XRP has been trading within a wide price range for over a year. And we also saw the same phase in 2024, just before November’s bizarre surge erupted.

Of course, that does not mean that history will repeat itself. But if the market has shown anything in recent years, it is that the XRP price is known for lightning-fast and often unexpected breakouts.

Major milestone for XRP ETFs

The price of XRP may be having a hard time, but Ripple’s coin is leaving an impressive calling card on Wall Street. Earlier today you could read that the brand new American spot ETFs for XRP have broken the symbolic barrier of $ 1 billion in assets under management.

This achievement comes barely a month after the stock market debut. Canary Capital kicked off the first-ever XRP fund in the United States on November 13. Not much later, Bitwise, Grayscale and Franklin Templeton also followed, meaning that XRP has quickly conquered a full-fledged place on the American market.

So far, more money has come in than has gone out every trading day. An impressive achievement, especially considering the difficult state of the crypto market.