$XRP
START BULLISH !! 🗿
XRP start bullish but high chance to drop so my brother buy now.
Here some knowledge about xrp !! 🗿💹
XRP's price history !! 💪
Incredible highs, steep falls, and long periods of steady decline mark XRP’s journey so far.
The project launched its token in 2013 but saw little significant price action until the bull run of 2017. However, after this period, listings on popular exchanges became pivotal to the coin’s considerable price rises.
“The history of XRP cryptocurrency listings begins in 2018, a pivotal year for Ripple (the company behind XRP),” Drozdz tells Forbes Advisor. Ripple’s launch of the xRapid product was a defining moment, ushering in a new era where XRP cryptocurrency aimed to revolutionise money transfer, including within the banking system. The response from the market was phenomenal.
“Within a very short time, the price of XRP skyrocketed by as much as 1820%,” Drozdz says. From a humble $US0.2, XRP soared to $US3.84, an all-time high that naturally thrilled investors. However, as Drozdz notes, this jubilation was short-lived. “The cryptocurrency then fell by 93% in a matter of months, leaving a stark reminder of the volatile nature of the crypto world.”
But XRP wasn’t finished. In 2021, as the entire cryptocurrency market was caught in a bull market frenzy, XRP again provided significant returns to investors who got in at the right time. “Within six months, the cryptocurrency had increased by an impressive 710% to $US1.96,” Drozdz recounts. Yet the following period was a steady downward trend, as XRP’s value gradually declined to $US0.3.
Ripple has been engaged in a multi-year legal battle with the US Securities and Exchange Commission (SEC) which has impacted the price of XRP for the past few years, although the company has been on a winning streak of late. The first win, despite only being a partial victory, occurred when a judge ruled last year that Ripple had not violated existing securities laws by selling XRP to exchanges for retail investors.