$XRP is back where it traded right after the 2024 US election. So what happened to the rally?
XRP was around $1.39 on Binance as I wrote this, up slightly over 24 hours. That's close to where it was in late November 2024, a couple of weeks after the election, and about 62% below its all-time high of $3.65 from July 2025.
What makes this strange is that the things XRP holders were waiting for already happened. The SEC case against Ripple ended in August 2025, and US spot XRP ETFs launched in November 2025.
The tech is still moving too. On Oct 9, the XRP Ledger turned on Batch, which lets up to 8 transactions run together as one package. If one fails, they all get reversed. That's useful for things like trade settlement and DeFi.
You could argue XRP is in a much better spot than in late 2024, at about the same price. No lawsuit, live ETFs, and new tools for builders.
You could also argue the good news was priced in long ago, since all of it happened and the price still slid. The wider market has been weak too, and XRP rarely escapes that. And new features only matter if people use them. Batch was already delayed once after a bug in an earlier version.
XRP's story looks better than its chart. But a better story only pays off when real demand shows up, so I'd watch whether builders actually use things like Batch. Not financial advice.
If XRP has everything holders wanted in 2024 and still trades at the same price, is it undervalued, or was the old rally mostly hype?
#xrp #Ripple #XRPL
XRP was around $1.39 on Binance as I wrote this, up slightly over 24 hours. That's close to where it was in late November 2024, a couple of weeks after the election, and about 62% below its all-time high of $3.65 from July 2025.
What makes this strange is that the things XRP holders were waiting for already happened. The SEC case against Ripple ended in August 2025, and US spot XRP ETFs launched in November 2025.
The tech is still moving too. On Oct 9, the XRP Ledger turned on Batch, which lets up to 8 transactions run together as one package. If one fails, they all get reversed. That's useful for things like trade settlement and DeFi.
You could argue XRP is in a much better spot than in late 2024, at about the same price. No lawsuit, live ETFs, and new tools for builders.
You could also argue the good news was priced in long ago, since all of it happened and the price still slid. The wider market has been weak too, and XRP rarely escapes that. And new features only matter if people use them. Batch was already delayed once after a bug in an earlier version.
XRP's story looks better than its chart. But a better story only pays off when real demand shows up, so I'd watch whether builders actually use things like Batch. Not financial advice.
If XRP has everything holders wanted in 2024 and still trades at the same price, is it undervalued, or was the old rally mostly hype?
#xrp #Ripple #XRPL