If there is a cryptocurrency that represents patience and perseverance, it is undoubtedly $XRP . After years of violent fluctuations and arduous legal battles, this digital currency witnessed an astonishing jump of 600% between November 2024 and January 2025, becoming one of the best-performing major currencies amid the broad market rally led by U.S. President Donald Trump.
Market expert John Squire says, "If patience had value, XRP holders would already own the market," emphasizing that the real story is not just in this recent rocket-like rise, but in the seven years of resilience against setbacks and challenges that preceded this historic jump.
XRP rises from the ashes: A surprising ascent!
After a tough period, XRP's surge surprised everyone! The currency skyrocketed from about $0.11 at the beginning of November 2024, nearing $0.75 by the end of January 2025. This massive increase, supported by a significant rise in trading volume across most trading platforms, indicates strong new money flows pushing the price upwards. Finally, it was time for profit-taking for traders who endured years of minor gains and sharp declines!
Seven years of struggle: A legendary story of resilience!
To understand the magnitude of this achievement, let's take a trip down memory lane. From March 2017 to January 2018, XRP saw a crazy rise of over 68,000%, peaking at $3.84. However, as is the nature of volatile markets, this sharp rise was followed by a harsh decline of 97% by March 2020, bringing prices down to $0.1140.
In November 2020, the price of the currency nearly doubled again, but the SEC lawsuit came to undermine this move, leading to XRP's decline of 67% in December 2020, marking its largest monthly loss ever.
But have XRP holders given up? Absolutely not!
Amid legal storms: The number of XRP holders is increasing!
Despite all these challenges and legal storms, the number of XRP holders has continued to rise significantly. According to Santiment, the number of wallets holding XRP was about 986,000 wallets in January 2018. By December 2022, more than 3.53 million new addresses joined the network, bringing the total number to over 4.5 million wallets!
This growing interest, even as many U.S. and Canadian exchanges halted trading, shows a strong faith from newcomers and old believers in this currency, even while regulators and markets struggled with the aftermath of the crisis.
Future predictions: Are we seeing XRP at $100?
Although the recent surge is impressive, the cryptocurrency market still sees performance disparities, with volatile moves for both Bitcoin and Ethereum. Some traders warn that substantial gains may trigger profit-taking, especially if the market overall calms down or if there are new developments in the SEC lawsuit.
However, some voices in the field are significantly raising expectations. Analyst Barry C recently stated that he is dissatisfied with selling the currency at $2 after years of holding it. What is his target? A high price of $100 for XRP! This means a market value competing with the largest cryptocurrencies currently.
Achieving this ambitious goal depends on new adoption, legal clarity, and the overall health of the cryptocurrency market at large. But what cannot be denied is that XRP has proven to the world that patience in the cryptocurrency world can come at a high price... and its price here has been historic gains!
Are you ready to continue the journey of patience with XRP, or do you see other prospects for success in the world of cryptocurrencies?
