XRP’s price dropped 5.6%, trading at $2.06, but historical trends offer optimism.
XRP price could surpass $16 if it reclaims the pre-SEC lawsuit ratio of Bitcoin’s cap.
Ripple’s legal battle with the SEC may conclude in early 2025.
XRP is currently facing a turbulent market, shedding 5.6% in the last 24 hours to trade at $2.06. At 46% lower than its all-time high, XRP is among one of the worst performers among the top 10 cryptocurrencies.
However, there are signs that the trend may be improving. XRP’s market cap currently stands at $118 billion at the current price, a significant progress from $28 billion on November 1. Analysts also point to signs of a bullish divergence that could signal a near-term recovery. If XRP can reclaim its historical market cap ratio relative to Bitcoin, its valuation could rise substantially.
Historical XRP Performance and Ripple’s Lawsuit
XRP reached its all-time high market valuation of $165 billion on December 3, 2024, when its price hit $2.9—a seven-year high. Before this, XRP’s peak valuation was $128.5 billion in January 2018, representing 49.4% of Bitcoin’s $260.05 billion market cap at the time.
Several fa…
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