Recently, XRP has experienced a notable drop in its price, with a decrease of 32% since January 2025, surpassing the overall decline of the cryptocurrency market. This drop occurs at a time when the crypto sector remains cautious ahead of the upcoming Federal Reserve decision on interest rates, which has caused a pause in trading activity of major cryptocurrencies, including Bitcoin and Ether.
Despite the price drop, XRP has shown resilience for some holders, as many are still in profit due to previous gains. The cryptocurrency has been bolstered by Ripple's ongoing partnerships and acquisitions, which have kept investor interest alive. Additionally, there is discussion about the possibility of an ETF that could further enhance XRP's position in the market.
Currently, XRP is positioned as the fourth largest cryptocurrency by market capitalization, valued at approximately $138.97 billion. Analysts speculate that if XRP were to become the second largest cryptocurrency, its price would need to increase by 111% to reach around $5.
In a significant market move, a whale affiliated with Ripple recently transferred 370 million XRP, valued at approximately $782 million. Such high-volume transactions can impact market sentiment and price dynamics, indicating that major players remain active in the XRP market despite current price challenges.
