Ripple (XRP), one of the leading cryptocurrencies, experienced a significant price increase in 2024, recording an annual growth of 70.55%. The price of 1 XRP rose from $0.63 on January 2, 2024, to $2.13 on January 1, 2025, marking a gain of $1.50 over the year. This robust performance reflects Ripple’s resilience and growing adoption despite a turbulent cryptocurrency market.
Weekly Performance: Modest Decline Amid Fluctuations
In the final week of 2024, XRP exhibited a mix of gains and losses, closing the period with a slight net decrease of $0.04. The week began with a price of $2.17 on December 26 and ended at $2.13 on January 1, 2025. Key movements during the week included:
• December 28: A 2.52% increase brought the price up to $2.19, marking the week’s largest gain.
• December 29: XRP dropped 5.31%, the steepest single-day decline, as it fell to $2.08.
Despite these fluctuations, XRP’s weekly decline was relatively modest at 1.84%.
Monthly Dynamics: A Steep Correction in December
December 2024 proved challenging for Ripple, with the price falling 28.84% over the month. XRP started at $2.75 on December 2 and ended at $2.13 on January 1, 2025. This $0.61 decline reflects a broader market correction following strong performances earlier in the year.
Year-End Reflection: A Transformative Year for XRP
Ripple’s annual growth of 70.55% underscores the cryptocurrency’s increasing appeal among investors and institutional adopters. The price surge can be attributed to factors such as Ripple’s legal clarity in its case with the U.S. Securities and Exchange Commission (SEC) and growing interest in blockchain-based payment solutions.
Key Insights
• Annual Growth: XRP climbed from $0.63 to $2.13, gaining $1.50.
• Weekly Movement: A minor decline of $0.04 due to market adjustments.
• Monthly Drop: A steep 28.84% decline in December highlighted profit-taking and market cooling.
Looking Ahead
As Ripple enters 2025, the focus will remain on its expanding use cases, particularly in cross-border payments. However, market volatility remains a significant factor, with investors closely monitoring regulatory developments and broader crypto market trends. XRP’s ability to maintain momentum and capitalize on its 2024 achievements will be critical for its future trajectory.