Discussions regarding the true all-time high of the XRP token have once again become relevant following recent comments from Dominic (Bull/ish) of EasyA. In light of the sharp price increase in the market, he clarified the differences between two frequently cited figures – $3.36 and $3.84, referencing executives from Ripple.
Clearing the Confusion: $3.36 vs $3.84
Many XRP followers have long believed that the all-time high of the token was $3.84, a figure commonly displayed on various cryptocurrency tracking platforms. However, Dominic revealed that the actual peak was $3.36, based on a statement from Ripple’s CTO David Schwartz.
The Role of the "Kimchi Premium"
The inflated figure of $3.84 stemmed from a phenomenon known as the “Kimchi premium,” which refers to unusually high prices for cryptocurrencies on South Korean exchanges during the 2017–2018 bull market. Capital controls and access limitations to foreign exchanges led South Korean traders to pay a premium for acquiring crypto assets, including XRP.
Why $3.36 Is the More Accurate All-Time High
Unlike the distorted figure of $3.84, the $3.36 price point was the highest price XRP reached on major U.S. exchanges with consistent global liquidity. It reflects real prices at which traders could buy or sell XRP, excluding anomalies caused by regional price disparities.
Clarifications from David Schwartz and endorsements by trusted voices like Dominic have given the XRP community a clearer understanding of the token’s true historical peak. Accurate information about market history is crucial for clearer analysis and assessment of XRP’s future growth.
