XRP, the token of the XRP Ledger, has reached record heights, demonstrating significant growth over more than 11 years. Let's take a look at the journey of this cryptocurrency and its current market status.
History of XRP
XRP was launched in 2012, with the XRP Ledger going live in June of the same year. Initially developed by three engineers - David Schwartz, Jed McCaleb, and Arthur Britto, the project aimed to address the key shortcomings of Bitcoin.
The token, originally referred to as 'ripples', was intended for use as a digital asset within this distributed network.
Current Market Situation
As of now, XRP is trading at $2.12, down 3.39% in the last 24 hours. This decline is part of a broader market sell-off that resulted in losses of $228 million in leveraged positions. Despite the current downturns across all time frames, XRP is still up 345% from a year ago.
Influence and Future of XRP
The market for XRP has been significantly impacted by the lawsuit between Ripple and the SEC, leading to a multi-year price consolidation. The situation reversed last November when XRP began to rise, reaching a seven-year high of $3.40 in January 2025. With these prices, the token is more than three times its base price before the sharp rally.
XRP shows volatility, but its history and current market changes indicate significant potential for this cryptocurrency. Early investors are reaping enormous rewards, achieving incredible returns from initial investments.
