XRP, the payments-focused cryptocurrency native to the XRP Ledger, currently trades at $1.33—a 62.5 percent decline from its early January 2018 peak of $3.55. Investors who purchased at that high remain underwater nearly nine years later.
Bitcoin trades at $80,955.28, up 314 percent from its December 2017 peak of $19,804. Ether sits at $2,443.81, up 66 percent from its 2017 high. Dogecoin is up 322 percent and BNB has surged approximately 2,800 percent since their 2017-2018 cycle peaks.
XRP briefly exceeded its previous high in July 2025, reaching $3.66, before retreating. Its current performance lags major large-cap assets that have climbed far above their 2017 peaks.
Circulating XRP supply grew 63 percent, from 38.7 billion tokens in 2017 to 63.1 billion today. Nicolai Sondergaard, senior research analyst at Nansen, noted that while circulating supply increased, XRP's total market value fell only about 3 percent over the same period. Each token now represents a smaller share of roughly the same total value.
Oliver Carding, head of marketing at Tesseract Group, said XRP's performance looks stronger when measured by total value rather than per-token price. The 63 percent increase in circulating supply would naturally result in a price approximately 39 percent lower for the same market capitalization.
U.S.-listed exchange-traded funds for Bitcoin and Ethereum have attracted billions in capital. XRP ETFs have seen muted uptake by comparison.
XRP ETFs have pulled in just $1.80 billion since their debut nearly a year ago, according to data from SoSoValue. Bitcoin ETFs frequently attract over $1 billion in a single day.
Paul Howard, senior director at market-making firm Wincent, said ETF uptake for XRP has been subdued relative to Bitcoin and Ethereum. On-chain data from Nansen shows weakened trading activity: XRP spot trading volume is down 53.5 percent, perpetual futures volume decreased 44 percent, and active addresses declined 10.7 percent.
Ripple, the payments company closely associated with XRP, has focused on cross-border payments and has not pursued sectors such as decentralized finance, artificial intelligence, or memecoins—segments that have attracted greater capital flows across the broader crypto ecosystem.
