Interested in investing and trading Ripple? This guide explores XRP’s price history and key milestones from its launch in 2012 to 2021.
2012: The Launch of Ripple (XRP)
The XRP Ledger (XRPL) was launched in June 2012 by developers David Schwartz, Jed McCaleb, and Arthur Britto. Initially priced at $0.1, XRP saw minimal adoption and dropped to $0.005 within years. The founding team later rebranded from NewCoin to OpenCoin and eventually to Ripple Labs.
2013: Early Development
Ripple focused on building an open payments network, positioning itself as a complement to Bitcoin. By December 2013, XRP briefly hit $0.05—its first notable price surge.
2014: Expansion Amid Volatility
Ripple partnered with banks and gateways, but XRP’s price crashed from $0.028 to $0.0028 mid-year, likely influenced by the Mt. Gox hack. It recovered to $0.024 by year-end.
2015: Rebranding and Challenges
Renamed Ripple Labs, the company raised $28 million in Series A funding. Despite partnerships with top banks, XRP’s price dropped to $0.0060 due to market-wide bearish trends.
2016: Stabilization
XRP traded between $0.0056 and $0.0085, showing micro-volatility. RippleNet expanded to 30 bank integrations, including top global institutions.
2017: Bull Run Breakthrough
XRP surged from $0.005 to $2.30 in December, fueled by Bitcoin’s rally. This marked its first major bull cycle.
2018: All-Time High and Crash
XRP peaked at $3.37 in January but crashed to $0.28 by year-end. Partnerships with MoneyGram and SBI Holdings provided some resilience.
2019: Recovery Phase
Price stabilized near $0.30 amid lawsuits questioning XRP’s security status. A brief rally to $0.45 was followed by a drop to $0.20.
2020: Pandemic Impact
COVID-19 triggered a drop to $0.12, but XRP rebounded to $0.70 by December—despite the SEC lawsuit alleging XRP was an unregistered security.
2021: Legal Battle with SEC
XRP rallied to $1.80 in April as Ripple fought the SEC case. It settled at $0.84 by year-end, supported by global market adoption.
Key XRP Price Milestones (USD)
- $0.1 (June 2012)
- $3.37 (January 2018)
- $1.79 (April 2021)
FAQs
Why did XRP’s price crash in 2018?
The broader crypto market correction after Bitcoin’s 2017 peak led to XRP’s decline from $3.37 to $0.28.
Is XRP a good investment in 2025?
While past performance doesn’t guarantee future results, XRP’s utility in cross-border payments could drive growth if Ripple wins its SEC case.
How does Ripple differ from Bitcoin?
Ripple focuses on institutional payments, offering faster transactions and lower fees compared to Bitcoin’s decentralized model.
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Conclusion
XRP’s price history reflects both technological promise and regulatory challenges. Its future hinges on legal outcomes and broader crypto market trends.
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