The value of the XRP cryptocurrency continues to decline, falling as low as $1.92 on Monday morning. XRP – the native crypto token of the XRP Ledger, created by Ripple Labs – has seen its value hover around the $2 mark for about a month and has been on a downward trend since late July, when values peaked above $3.50.
Values remained elevated through most of the summer months, catalyzed by U.S. regulators dropping years-long lawsuits against Ripple Labs. Additionally, subsequently, XRP ETFs appeared on exchanges, theoretically expanding the appeal and reach of XRP in the crypto space. It seems like this should have increased demand and prices for XRP, but this did not materialize.
The question then becomes why has the price of XRP continued to fall or seems stuck around $2?
In a recent episode of the Paul Barron Podcast, Zach Rector, a crypto market analyst, said that the launch of many
“In the month of November, there were $808 million in outflows on centralized exchanges. This is people selling in dollars or stablecoins and exiting XRP,” he said. “And on the other side of the ETF equation, there was $803 million in inflows into ETFs,” he added, saying that overall the movement in value has been somewhat muted, especially since some of that money is flowing over-the-counter rather than on exchanges, meaning it might also have little effect on market prices.
In other words, public and private sales and demand for XRP may not yet be reflected in the market value.
Of course, what happens next is anyone’s guess.
It is also important to note that Bitcoin, the largest and most popular cryptocurrency, has also seen its values decline over the past couple of months, as has Ethereum. So, XRP is not necessarily the only one experiencing recent price declines. XRP’s price history is also volatile, especially given legal issues in recent years.
Although its current valuation below $2 is the lowest it has been in some time, XRP prices have hovered between $0.30 and $0.80 for most of 2022, 2023, and 2024. It saw a major breakout in October last year, with values climbing from around $0.50 to over $3 in January 2025.
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