$XRP of the cryptocurrency began to fall and reached $0.47 in September. With the start of the last quarter of 2023, the price of XRP rose again thanks to market optimism driven by BlackRock's request for a Bitcoin ETF. This time, the increase was brief and the price of XRP fell for the remainder of the quarter. XRP closed the year at $0.62.

The price decline continued even in the first month of 2024, when XRP was trading at just $0.50. However, in February, the situation changed for the better. The sentiment across the cryptocurrency market shifted towards greed due to the growing demand for Bitcoin following the approval of several U.S.-based Bitcoin ETFs and the anticipation of Bitcoin's fourth halving, scheduled for April 2024. Both factors drove the price of several cryptocurrencies, including XRP. After a bullish February, XRP started trading at $0.71 in March.

This bullish momentum continued during the first half of April, as many cryptocurrency analysts predicted a strong trajectory for XRP after the victory. In May, the price of XRP retraced after its official page revealed some issues in the automated market maker (AMM) pools on the XRP ledger. By early July, the price of XRP had fallen to $0.41. However, confidence soon began to shift as the chances of a complete victory over the SEC grew stronger. Additionally, the company behind XRP, Ripple, announced the unlocking of 1 billion XRP in August as part of a predetermined unlocking schedule. This news hinted at an increase in liquidity, which positively affected the price of XRP. By August, XRP returned to $0.60, but still below its price level of $0.70 in March.

Since then, the price of XRP continued to fall for months until the market situation changed in November 2024. With the increasing likelihood that presidential candidate Donald Trump, a supporter of cryptocurrencies,