Hold onto your hats, crypto fans: XRP took us on one wild ride in 2024! Remember when it was quietly sitting at around $0.50 in January 2024? Well, that feels like ancient history now that XRP has risen approximately 250% from January 2024 to January 2025. Let’s explore why this happened. Shall we?
For most of the year, XRP was hitting the snooze button, barely budging past $0.60. But then November rolled around, and boy, did things get interesting! When Donald Trump clinched his return ticket to the White House, XRP didn’t just climb—it shot through the roof like a rocket, blasting up to nearly $2.80 in December. However, as we ring in 2025, it’s dropped slightly to around $2 and change.
Even though XRP has slumped slightly, it has been flexing its muscles in the crypto world. It kicked off 2024 in sixth place with a $33 billion market cap. But now? It’s strutting its stuff in fourth place, with a cool $124 billion market cap. Even though it’s slightly down as we ring in the new year, we’re talking about a significant glow-up from its humble position in January 2024.
What’s behind this incredible market cap surge? Well, XRP’s been busy! They rolled out their stablecoin, RLUSD. And even though Ripple’s top brass supported Team Harris, Trump’s surprise win had XRP investors popping champagne bottles. Why? Trump’s administration might loosen those pesky regulatory chains, especially with Paul Atkins stepping into Gary Gensler’s shoes at the SEC.
Over in South Korea, XRP is a rock star. It’s dominating trading volumes on major platforms, with a quarter of all XRP trades involving the Korean won. That’s what I call international appeal!
But let’s keep it real—crypto is about as predictable as a cat on a sunny tin roof. While XRP crushed it in 2024, the price has been doing a little moonwalk since December 1st. Will it keep its momentum? That’s the million-dollar question (or should I say billion-dollar?). We’ll have to wait and see if this crypto heavyweight can keep throwing punches in 2025.
