XRP, the native token of Ripple Labs, plummeted to its lowest price in two years, hitting $0.9507 within the last 24 hours. The latest market data indicates a continued bearish trend, with the token trading significantly below its 2025 all-time high.
XRP price volatility and political influence
Before its 2024 breakout, XRP hovered near $0.50. A surge in the crypto asset followed the US presidential election victory by Donald Trump, with prices soaring by over 500% and pushing XRP above $3 for the first time since 2018. The bullish momentum propelled the asset further, reaching a record high of $3.65 in July 2025.
However, the momentum did not last. XRP entered a lengthy downtrend after setting its new peak. The token slipped below $1 in August, only to briefly recover to a multi-month high of $1.68. The rebound proved short-lived, as prices quickly resumed their decline.
Political developments further influenced XRP’s trajectory. Following the recent US midterm elections, in which Democrats gained control of both the House and Senate, the token’s sell-off accelerated. Many observers attribute the previous rally to the political environment, which has now reversed and intensified downward pressure on XRP.
Mini dictionary: Ripple Labs is a technology company focused on real-time, cross-border payment solutions using blockchain technology. It is known for developing the Ripple payment protocol and for its involvement in the ongoing development of the XRP Ledger.
| Period | XRP Price High | XRP Price Low | Notable Event |
|---|---|---|---|
| Pre-2024 breakout | $0.50 | — | Stable before rally |
| Post-2024 election | $3.00 | — | Surged after Trump victory |
| July 2025 | $3.65 | — | All-time high |
| August 2025 | $1.68 | Volatility after ATH | |
| Latest 24h | $1.0298 | $0.9507 | Two-year low |
Community frustration and skepticism
The latest price drop triggered strong reactions across the XRP community. Crypto commentator Ash Crypto described the decline as “brutal” and highlighted the sharp reversal from being a former bull cycle leader to its current losses.
Many long-term holders expressed their disappointment and exhaustion on social media. One user wrote, “two years of holding the line. the line left.” Another questioned if now was still a valid opportunity for short positions, reflecting mounting skepticism in the community.
A segment of community members voiced concerns over Ripple Labs’ strategy, alleging that the company promoted XRP as “the next global currency” before offloading reserves onto the market. Others openly discussed the negative impact on their finances and well-being, with one user mentioning lost money and emotional strain. A few, however, recalled fortunate timing, including a commenter who purchased XRP at $0.32 and sold at $2.
XRP sits nearly 74% below its all-time high. The 24-hour chart shows a high of $1.0298 and a low of $0.9507, with trading volume reaching 133.98 million XRP.
Current market standing
At present, XRP remains about 74% below its record price of $3.65, with its latest trading value still double its pre-breakout level but far below recent peaks. Despite this relative difference, the scale of the drop has led many investors to question whether the market downtrend will continue, with market confidence appearing fragile.
