XRP’s Price History Raises New Questions About Market Manipulation
XRP has long been one of the most talked-about cryptocurrencies in the market, known for both its dramatic price spikes and ongoing legal battles. But for many investors and analysts, what stands out the most is how XRP’s price history seems to reflect more than just natural market moves.
Looking back, analyst Jesse, on MaximusCrypto podcast said that one of XRP’s biggest moments came in late 2017. In just about two weeks, the token jumped from around $0.15 to over $3, a stunning 20x rally that caught the attention of the entire crypto world.
800x Gains in Less Than a Year
But in the middle of this surge, something unexpected happened. Data aggregator CoinMarketCap suddenly removed pricing data from several Asian exchanges, which were seeing the highest XRP trading volumes at the time. This move wasn’t announced in advance and caught the market off guard. Almost immediately, XRP’s displayed price began to drop, and many traders assumed the rally was over. Panic selling followed.
Interestingly, before that rally, XRP was trading at less than half a cent. In about eight months, it went from a few cents to over $3, a staggering 800x increase. It was one of crypto’s wildest price runs, but it was followed by years of stagnation.
Hope for the Future
Now, the analyst has been left wondering why XRP has struggled to regain those highs, especially given Ripple’s claims about partnerships. In 2018, Ripple CEO Brad Garlinghouse mentioned that the company had connected to many banks and was adding several new partners every week.
By that math, the network should have expanded massively by now. Yet, Ripple’s official statements still mention “over 300 banks,” a number that hasn’t changed in years, leaving many to question the accuracy of those claims.
This lack of price movement, despite growing adoption of RippleNet and ongoing developments, has led to growing belief among investors that XRP’s price is being deliberately held back. Some call it manipulation, others believe it’s market suppression. Either way, it’s a big point of frustration for XRP holders who expected the token’s value to reflect its growing network and use cases by now.
However, there’s hope that things could soon change. With crypto regulations tightening and the possibility of an XRP exchange-traded fund (ETF) in 2025, the long wait might be coming to an end.
Glassnode’s recent data on XRP’s realized profits and historical performance shows patterns of accumulation and price suppression, adding further weight to claims that the token’s market value has been held back.
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.
You may also like
AI investment enters the "Trough of Disillusionment", the next 18 months will be a life-or-death test!
Goldman Sachs believes that the AI investment cycle is currently in the "trough of disillusionment," but this is not the first time. The core contradiction lies in the fact that the business models of new cloud computing providers are highly dependent on end-user returns from AI spending, while currently "there are basically zero companies that can attribute profits to AI." Social Capital founder Palihapitiya has clearly defined an 18-month key window, during which the market will decide which AI business models are sustainable and which are not.
Anthropic's Core Concern: Revenue Can Be Withdrawn at Any Time, but Computing Power Costs Are Locked in for up to 20 Years
Zheshang Securities believes that Anthropic's revenue is mainly based on usage-based billing, with remaining performance obligations covering only about 5.1 months of annualized revenue, while compute power costs are already locked in with $895.4 billion in irrevocable commitments, some extending as far as 2045. Revenues can be reduced at any time, but costs are non-exitable, creating a highly asymmetric maturity gap between the two—this is the company's real core constraint.
Triple Pressure from the Federal Reserve, Treasury, and Congress; Goldman Sachs: Liquidity Crisis May Occur in 2027
Goldman Sachs warns that the reserve ratio of bank assets has dropped to around 11%, only slightly above the crisis trough of 2019. In the second half of 2027, a deadlock in debt ceiling negotiations will force the Treasury to rebuild the TGA, triggering a "perfect storm" of a sharp drop in reserves and a surge in T-bill supply; combined with stalled money market fund buying, this will create a huge liquidity black hole. The Federal Reserve could be forced into the awkward position of lowering interest rates and launching large-scale bond purchases to rescue the market.
Crypto prices
More
