The cryptocurrency's price began to fall and reached $0.47 in September. As the final quarter of 2023 began, XRP's price rose again thanks to market optimism fueled by BlackRock's application for a Bitcoin ETF. This time, the surge was short-lived, and XRP's price fell for the remainder of the quarter. XRP closed the year at $0.62.

The price decline continued even into the first month of 2024, when XRP was trading at just $0.50. However, in February, things changed for the better. Sentiment across the cryptocurrency market shifted toward greed due to the growing demand for Bitcoin following the approval of several US-based Bitcoin ETFs and the anticipation of the fourth Bitcoin halving, scheduled for April 2024. Both factors boosted the price of several cryptocurrencies, including XRP. After a bullish February, XRP began trading at $0.71 in March.

This bullish momentum continued through the first half of April, as many cryptocurrency analysts predicted a strong run for XRP following the victory. In May, XRP's price retreated after its official website revealed some flaws in automated market maker (AMM) pools on the XRP ledger. By early July, XRP's price had dropped to $0.41. However, confidence soon began to shift as the prospects for a complete victory over the SEC grew stronger. Furthermore, 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 impacted XRP's price. By August, XRP had returned to $0.60, but was still below its March price level of $0.70.

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