$XRP
⚡XRP hits its all-time high: Real adoption or just marketing?✨💲▫️🔸
The price of XRP approached its former all-time high earlier this year, reaching $3.28, just below the record of $3.40 set in 2018. This behavior is unusual in the crypto ecosystem, especially for a project that ranks fourth by market capitalization, with over $132 billion.
Brief history and fundamentals of XRP
XRP was created in 2012 by Ripple Labs with the aim of facilitating fast and low-cost international transfers. Unlike Bitcoin, it does not use mining, allowing settlements in seconds and minimal fees, which made it attractive to banks and financial institutions.
However, in 2020 the SEC sued Ripple Labs for considering that XRP was an unregistered security, which generated uncertainty that prevented it from reaching new highs during the bullish cycle of 2021. Despite this, Ripple made legal progress and began exploring financial products such as ETFs based on XRP, which raised expectations and the price in 2025.