Altcoins News
By Steven Anderson
1 / 11
XRP, one of the most recognized digital assets in the crypto space, has once again come under scrutiny—not because of a new legal twist or an exchange glitch, but due to its own…
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Back in 2017, XRP captured global attention with a parabolic run that saw its price surge from under a cent to over $3 in less than a year.
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Just as XRP’s rally was picking up speed, data aggregator CoinMarketCap removed pricing information from major Asian exchanges, which had been recording the bulk of XRP’s trading…
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Before the rally, XRP was trading under $0.005. At its peak, it had climbed over 800x from that point.
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In 2018, Ripple CEO Brad Garlinghouse shared bold growth plans, stating that the company had connected with hundreds of banks and was onboarding new partners weekly.
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This discrepancy between adoption and price performance has led to growing speculation that XRP’s market value is being artificially restrained.
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Glassnode’s recent data adds another dimension to the conversation. The firm’s metrics indicate strong accumulation of XRP by long-term holders, even as short-term traders exit.
8 / 11
There’s also the question of XRP's real-world use. Ripple has consistently promoted the utility of XRP in cross-border payments and financial infrastructure.
9 / 11
The idea of a suppressed asset is not new in the crypto world, but XRP's case is unique because of the scale of the claims and the clear contrast between network activity and…
10 / 11
Looking ahead, some analysts are cautiously optimistic. The potential for an XRP-focused exchange-traded fund (ETF) in 2025, coupled with rising clarity in global crypto…
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Still, the controversy around XRP’s historical price action remains unresolved. Whether it was a one-time incident caused by data feed changes or part of a broader pattern of…
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