The price of Ripple’s crypto, XRP, has not been showing remarkable performance for a long time.

However, in recent years, it has won two cases against the SEC, although the last one specifically concerned only the company Ripple, and not the cryptocurrency XRP, and it ended with a settlement and not an acquittal.

The trend of the price of Ripple (XRP) crypto

XRP is still the seventh cryptocurrency in the world by market capitalization.

His 2024 has not been great so far, so much so that he started it with a price of $0.61 while now it has dropped to $0.53.

To tell the truth, in March it managed to rise a bit, up to $0.74, but afterwards it plummeted to $0.38 at the beginning of July.

Already in mid-July it had marked a clear rebound from that annual bottom, managing to climb back above $0.65 by the end of that same month. At the end of August, however, it encountered difficulties again, falling below $0.6.

The bottom of the last bear-market was reached in June 2022 below $0.3, which is not much lower than the bottom of 2024.

Then until March 2023 it had effectively moved sideways below $0.4, then raised the level and moved sideways around $0.5.

In fact, that lateralization, which started more than a year ago, seems to be still ongoing, although with significant volatility that sometimes takes it above $0.7, while other times it brings it back below $0.4.

The historical trend

What perhaps surprises the most negatively is the comparison with past cycles.

Ripple in fact was born in the distant 2012, that is twelve years ago, and had its boom on the crypto markets in 2017/2018, when the price of XRP even exceeded $3.8 for a brief moment.

Not only is the current price still 86% lower than those highs, but since then it has never managed to get back above 2$.

However, it is not advisable to take that peak as a reference, because it was due to a sensational speculative bubble probably unrepeatable on this crypto.

It is instead advisable to take as a reference the price it had in October 2017 before that sensational rally was triggered, thanks to which it recorded an incredible +1,800% in less than a month.

In fact, in 2017 the price of XRP had risen to about $0.2 before the boom, and after the burst of that bubble, it returned to $0.3. In 2020 it fell again, down to $0.12, but only during the collapse of the financial markets at the beginning of the pandemic.

So with the exclusion of 2020, during the bear-market of the previous cycle it actually dropped and then moved sideways around 0.3$.

The problem is that even in the next cycle, the one following the bullrun of 2021, during the bear-market it dropped to around $0.3, although it eventually ended up lateralizing around $0.4.

Therefore, it is evident that the struggles of XRP come from afar, and that its performance in the long term is not particularly good.

The victories of Ripple against the SEC

Something in theory should have changed in 2023 and 2024, thanks to the victories against the SEC.

Last year, a court ruled against the agency that claimed XRP should be considered a security, stating that if traded on secondary markets (crypto exchanges), it could not in any way be considered an investment contract.

Thanks to that victory, its price rose again to over $0.9, but that rise lasted very little because in just one month it had fallen back below $0.6.

This year, however, it was Ripple that won against the SEC, even though there was no ruling that cleared it of the charges, but an agreement with the agency that closed the case that had been ongoing for several years.

Despite this, however, the price of XRP has not been able to return above 0.9$.

At this point, either those victories simply have not been able to budge XRP from its now long period of lateralization, or their effect has yet to arrive.

The positive forecasts on the price of the crypto Ripple (XRP)

According to some analysts, this second hypothesis could be true, that is, the price of XRP may not have fully reacted yet to what must now be considered old news, in a market as rapidly evolving as the crypto one.

In particular, the analyst Matt Hughes suggests that it might be ready for takeoff.

According to this analysis, sooner or later there should be a surge in the price of XRP, because the Bollinger bands on the monthly chart have narrowed to levels not seen since 2017.

The point is that for a while there has been a significant contraction in the volatility of the price of XRP, and generally this dynamic tends to result in a sudden explosion of the volatility itself. According to Hughes, this explosion will occur upwards.

There are also other analysts who predict a rise in the price of XRP, but it should also be added that there are others who are less optimistic.

It should not be forgotten that out of the hundred billion XRP tokens in existence, more than 43 are still in the hands of the Ripple company.