XRP remains 72% below its 2018 peak of $3.84 as supply expansion and lack of staking limit upside potential.
XRP trades at $1.07, down 72% from its January 4, 2018, high of $3.84, despite Ripple’s expansion into regulated financial services. The circulating supply has nearly doubled since 2018, from 34 billion to 63 billion, requiring a $242 billion market cap to revisit its all-time high.
Unlike Bitcoin and Ethereum, XRP lacks staking mechanisms or deflationary burns, with only 0.00001 XRP destroyed per transaction. Ripple’s $4 billion in acquisitions have largely settled in RLUSD, not XRP, further reducing demand. Bitcoin and Ethereum, meanwhile, have surged on institutional adoption and ETF inflows.
XRP’s utility remains tied to Ripple’s payment network, with no direct claim on the company’s assets. The token’s stagnation contrasts with Bitcoin’s rise to $126,000 in October 2025 and Ethereum’s $4,950 peak in August 2025.