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XRP price takes another hit today as digital asset slide continues. What’s happening with the crypto market?
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The value of cryptocurrency XRP continues to slide, dipping as low as $1.92 as of Monday morning. XRP—the native crypto token of the XRP Ledger, created by Ripple Labs—has seen its value hover around the $2 mark for roughly a month, and has been on a downward trend since late July, when values peaked at more than $3.50. 

Values remained elevated through most of the summer months, catalyzed by U.S. regulators dropping legal actions against Ripple Labs, which had stretched on for several years. Additionally and subsequently, XRP ETFs have hit exchanges, theoretically broadening XRP’s appeal and reach within the crypto space. That, it seems, should have increased demand and XRP prices, but that has not materialized.

The question, then, is why XRP’s price has continued to fall—or seems stuck around $2?

On a recent episode of the Paul Barron Podcast, Zach Rector, a crypto market analyst, said that the launch of numerous XRP ETFs “is going to lead to price action,” but as for why the price isn’t going up more immediately with recent inflows into the ETFs, Rector says there’s a simple answer. 

“In the month of November, there was $808 million in outflows on centralized exchanges. That’s people selling to dollars or stablecoins and leaving XRP,” he said. “And on the other side, of the ETF equation, there was $803 million of inflows into the ETFs,” he added, saying that in all, the movement of value has been somewhat muted—especially since some of that money is moving over-the-counter, rather than on exchanges, meaning that it could also have little effect on market prices.

In other words, public and private sales and demand for XRP may not yet be reflected in market value.

Of course, what happens next is anyone’s guess.

It’s also important to note that Bitcoin, the largest and most popular cryptocurrency, has likewise seen values decline over the past couple of months, as has Ethereum—so, XRP isn’t necessarily alone in experiencing recent price declines. XRP’s price history is volatile, too, especially given its legal hangups over the past few years.

While its current sub-$2 valuation is the lowest in some time, XRP prices did hover between $0.30 and $0.80 for most of 2022, 2023, and 2024. It saw a major breakout in October of last year, with values rocketing from around $0.50 to more than $3 by January 2025.

Ria.city






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