
Jakarta, Pintu News â âSlowly, then suddenly soaring,â said one market analyst, highlighting the significant surge XRP has experienced over the past year.
Interestingly, despite XRP being one of the best-performing crypto assets among the top 100 in the past year, its price movement a few years ago was not as impressive as it is now.
To give you an idea, after reaching a peak of $3.31 in January 2018, the price of XRP dropped to $0.43 in August of the same year, briefly rose back to $0.76, and then fell further after that.
In March 2020, the price of XRP plummeted to a low of $0.1140 amid market pressure. This bearish condition was further exacerbated by the SEC lawsuit against Ripple that emerged in December 2020. As a result, XRP failed to take part in the big rally of 2021.
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In a recent commentary, a market analyst named Tokenicer highlighted XRPâs tough journey in recent years despite recording a slight uptick. He specifically emphasized XRPâs year-on-year (YoY) price performance since September 22, 2022.
According to him, on September 22, 2022, XRP was trading at $0.4926. Although higher than the low point of $0.1140 in 2020, this price still shows an underperformance, considering that XRP had reached a peak of $3.31 a few years earlier.
Interestingly, a year later, on September 22, 2023, the price of XRP only slightly increased to $0.502 â equivalent to 1.91% growth. In fact, at this stage, XRP had already obtained legal certainty after Judge Analisa Torresâ ruling in July 2023. The ruling had pushed the price of XRP to $0.94 in July, before finally falling back to $0.502 in September.
As of September 22, 2024, the price of XRP rose to $0.587, or grew 16.93% on an annualized basis (YOY). The important point is how XRPâs YOY growth has evolved since September 2022. Although the increase was slow from 2022 to 2024, this is evidence of gradual growth.
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However, the growth from 2024 to 2025 cannot be called âgradualâ at all. Instead, XRP surged rapidly, especially between November 2024 and January 2025, driven by the dynamics of the US presidential election. Now, even though it has corrected below $3 due to bearish pressure, XRP has still recorded a 387% YOY gain â the largest annual surge so far.
Tokenicer compares this journey to the phrase âslowly, then suddenlyâ popularized in John Greenâs The Fault in Our Stars (2012). This means that XRP, which has only been growing slowly over the past few years, is now entering a phase of rapid price explosion.
According to Tokenicer, the market is currently in the early stages of this âsudden surgeâ phase. He expects XRP to record another big rise in the next few years, although without mentioning a specific price target.
Interestingly, a number of other market analysts have even dared to project that the price of XRP could reach $100.
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*Disclaimer
This content aims to enrich readersâ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetâs past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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