Short-term Performance of XRP

Short-term charts depict XRP as notably unstable and underwhelming. In a year ripe with positive developments, XRP has only gained 14.96%.

Most of these gains occurred before January 20, following the inauguration of the most crypto-friendly president and the exit of SEC hardliner Gary Gensler. The following performance has been marked by volatility but has ultimately stagnated.

Long-term Gains of XRP

In contrast, long-term gains for XRP are impressive. Despite recent challenges, XRP is up 277.50% from a year ago and 385.54% above the price during Donald Trump’s re-election.

Market capitalization reflects this rise, soaring from $34.7 billion to $142.34 billion, marking a $107.6 billion increase at press time.

Furthermore, from November 5 to the current time, XRP’s market cap increased by $113.7 billion, showcasing the substantial influence of President Trump’s victory on XRP’s growth. This rise was driven by optimism amidst claimed market constraints by the Biden administration and the SEC’s operations.

The ongoing lawsuit from the SEC against Ripple Labs has consistently influenced XRP’s pricing more than any new partnerships or technological advances.

Concerns for XRP Traders

The broader market conditions have become more sensitive to external influences than to industry developments. Bitcoin (BTC), for instance, has shown volatility in response to economic reports and geopolitical events rather than on cryptocurrency-specific news.

XRP similarly reflects this trend, where despite Ripple’s global efforts, it has only yielded major returns during increased market enthusiasm for the President-Elect. It showed a tepid rally upon the SEC abandoning its long-standing case.