XRP (XRP) price – EUR & USD

The price of XRP has historically fluctuated between $0,002802 (Jul 07, 2014) and $3,84 (Jan 04, 2018). XRP is one of the most popular cryptocurrencies among investors. The Ripple vs. SEC lawsuit has been in the headlines since 2020. The future of XRP looks interesting and uncertain at the same time.

The XRP price development in recent years

The price of XRP has historically fluctuated between $0,002802 (Jul 07, 2014) and $3,84 (Jan 04, 2018). The price history of XRP starts in August 2013. This information is based on the data from Coinmarkecap.

The XRP price started from just a few tenths of a cent and eventually moved to over three dollars per coin. XRP has been a great investment for those involved in 2017 (or earlier). At the beginning of 2017, the XRP price was only 0,006 dollars! It was a real “penny stock,” which was hardly discussed on social media.

In the spring of 2017, however, things started to happen, as the XRP price increased 10-fold during March-April to 0,06 dollars. The wild rise continued, as in May 2017, we saw a unit price of around 0,35 dollars. This translates to a 60-fold increase in price in just six months!  XRP became increasingly popular, and social media analysts started discussing its banking connections.

The real explosion happened from the beginning of December 2017 to the beginning of January 2018. At that time, there was a big altcoin boom going on. XRP was undoubtedly one of the rally drivers, and it was constantly talked about in the first days of 2018, even on the popular CNBC TV channel.

The graphic below shows the XRP price (Ripple price) in dollars from 2017.

xrp price

On January 4, 2018, XRP’s all-time high price was an incredible $ 3,84. If you had acquired XRP exactly one year earlier, your investment would have increased more than 600 times!

In the end, the rapidly inflated bubble burst, and the entire crypto market collapsed drastically during the spring of 2018. The XRP token fell with the others. Bitcoin fell more than 80% from its peak in 2018, and many altcoins fell 95-99%. Since the summer of 2018, the unit price of XRP remained largely between $0.25 and $0.55 until 2021.

The lowest price was in March 2020, when the crisis caused by the coronavirus collapsed the cryptocurrency market. In the 2021 bull market, the price of XRP rose by hundreds of percent and even crossed the $1.50 mark. However, the bear market that started in November 2021 took XRP down along with the rest.

The price of XRP fell to around $0.30 in the 2022 bear market, which occurred in June 2022. It hovered between $0.3 and $0.5 until June 2023, when it got a nice boost from the SEC vs. Ripple lawsuit win.

The future of the XRP course looks much better after Ripple’s victory. However, the course has not remained permanently at a higher level, as many certainly expected.

XRP price vs. Ripple price?

The terms XRP and Ripple still confuse investors. In its early years, the XRP token was listed on exchanges under Ripple. Investors monitored the Ripple price, and this search term is still being used today. However, that is a misnomer.

Ripple is the technology company that created XRP, the cryptocurrency. Hence, investors follow the price of XRP, not the price of Ripple.

Ripple has been trying to separate its name from the name of the XRP token for years.

To be precise, the Ripple course would mean the stock price of the Ripple company. In the crypto world, some people still refer to XRP’s price as Ripple’s. You shouldn’t be one of those investors!

Basic information about the XRP token

XRP is one of the most popular cryptocurrencies among investors. It established itself in the top 10 crypto list after the 2017 bull market. One reason for XRP’s popularity is the low unit price, which creates the illusion of a higher upside potential than Bitcoin.

Many novice investors are easily confused with Ripple and XRP. Let’s clarify the differences between these next. Ripple is an American technology company that develops solutions for the banking world. Ripple has created a special RippleNet network for this, aiming to speed up data transfer between banks and lower costs.

Ripple has also developed a blockchain technology called XRP Ledger, whose native currency is the XRP token. Like other cryptocurrencies, XRP Ledger is open-source software; anyone can join its network. If you buy an XRP token, you move it into the XRP Ledger network.

RippleNet is a different network that does not necessarily use XRP. Ripple offers many different services to banks, one related to the XRP token. This is called ODL or Crypto Liquidity. Crypto Liquidity is a liquidity pool for currency exchange using XRP tokens.

Below is an image of the Crypto Liquidity service from Ripple’s website.

ripple crypto liquidity
The widespread adoption of such pools may result in certain institutions holding significant XRP tokens. So far, this has not been the case. It is also impossible to say what kind of contracts Ripple will make with banks.

It should also be understood that Ripple still holds about half of all XRP tokens. In recent years, it has sold hundreds of millions of dollars worth of them to the market for profit. Ripple can’t dump all XRP tokens on the market just like that because a certain escrow agreement prevents it. However, this selling pressure has contributed to keeping the token’s price low.

The Ripple vs. SEC lawsuit

The Ripple vs. SEC lawsuit has been in the headlines since 2020. The XRP price has also suffered from this process for a long time. What is it really about?

In December 2020, the SEC, which oversees the US securities market, sued XRP founders Chris Larsen and CEO Brad Garlinghouse. The lawsuit concerns the same question that has been on the headlines for years in the United States: are cryptocurrencies securities?

There is a historical definition for security, but it was already defined 100 years ago. For many, it doesn’t make sense to apply it to cryptocurrencies. When the security definitions were set, XRP, the internet, or even computers did not exist. The world has changed a lot since then.

This is an important lawsuit, as the United States is making new crypto regulations. The definition of security is an integral part of this process. If XRP had been condemned as a security, the SEC would have received support to condemn other cryptocurrencies as securities more widely.

In the summer of 2023, Ripple won an important victory from the SEC. The lawsuit is partially pending, but Ripple has had a massive victory. You can read more about it in this article: The Ripple vs. SEC case.

The future of XRP

The future of XRP looks interesting and uncertain. However, XRP predictions have become much easier after the July 2023 court decision. The legal battle that tormented Ripple and the XRP price has taken a significant turn.

In October 2023, the SEC also dropped charges against Ripple’s executives and is only suing the Ripple company. However, the SEC’s position is weak, so few expect any more negative turns for Ripple and XRP’s course from this process.

The XRP forecast can now be largely based on XRP’s fundamentals. What do they look like? Does the XRP price potentially get back to the ATH readings again? Unfortunately, we still believe that XRP’s potential does not seem particularly strong.

The price of XRP is still roughly at the same level before the news of the big profit in July. The price got a momentary boost and rose 80% in a couple of hours, but it returned to its starting position about a month later.

If the price of XRP can’t rally after the biggest news in five years, when will it do that?

Even if the XRP forecast seems uncertain, XRP has a huge fan base. If you are one of them and want to acquire this coin, we have created a separate beginner’s guide on how to buy XRP. The article gives detailed instructions on how to buy XRP easily.