What is the highest price in history of xrp?
- WBOYOriginal
- 2024-07-30 16:25:021009browse
XRP’s all-time high price was $3.84, reached on January 4, 2018. Reasons for its price surge include: institutional adoption, Korean hype, and media hype. The bubble then burst and the price plummeted in 2018 and has remained relatively stable since then, trading at around $0.40 as of February 21, 2023.
XRP all-time high price
XRP, Ripple, is the native token of the Ripple blockchain platform. Its all-time high price was $3.84, reached on January 4, 2018.
Factors affecting XRP price surge:
- Institutional adoption: Several banks and financial institutions have begun using XRP for cross-border payments, increasing their confidence in it as a store of value.
- Korea Hype: South Korea’s cryptocurrency exchange craze has driven demand for XRP, causing its price to surge.
- Media Hype: Extensive coverage and promotion by the cryptocurrency media has further fueled XRP’s price increase.
Aftermath of Price Surge:
XRP’s all-time high price surge was a frothy move that was followed by a massive correction. Its price plummeted in the second half of 2018 and remained relatively stable over the next few years.
Current XRP Price:
As of February 21, 2023, XRP is trading at approximately $0.40, well below its all-time high.
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