XRP's Price 11 Years Ago Might Surprise You: A Look Back
XRP, the native token of the XRP Ledger and one of the longest-standing cryptocurrencies on the market, has come a long way since its humble beginnings. According to CoinMarketCap, XRP reached an all-time low of $0.002802 on July 7, 2014, nearly 11 years ago.
At a current price of $2.12, XRP is up a staggering 76,312.05% from that low.
Early adopters who invested even small sums at the time would now be sitting on significant returns. For example, a $100 investment in XRP at $0.002802 would be worth over $76,000 today, while a $1,000 investment would be worth more than $763,000.
XRP was launched in 2012, with the XRP Ledger going live in June of that year. In 2011, three engineers — David Schwartz, Jed McCaleb and Arthur Britto — began developing the XRP Ledger (XRPL).
The three developers continued their effort to create a distributed ledger that addressed Bitcoin's core shortcomings, initially dubbing the code "Ripple." The ledger included a digital asset originally known as "ripples" (XRP as the currency code) to adhere to the same naming standard as Bitcoin.
XRP's current price action
At press time, XRP was trading down 3.39% in the last 24 hours to $2.12, part of a broader market sell-off that had wiped out $228 million in leveraged positions.
Although XRP remains in red across the daily, weekly and monthly time frames, it remains higher at 345% on a yearly basis.
The Ripple-SEC lawsuit impacted the XRP price, with it embarking on a multi-year-long consolidation. The trend reversed last November, when XRP started rising, reaching a seven-year high of $3.40 in January 2025.
With XRP above $2, it is more than three times higher than its base price before the sharp rally in November 2024, with cycle dip buyers sitting on over 300% gains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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