With a recent market twist, XRP skyrocketed almost 600% between November 2024 and January 2025. Based on the latest data, the rally became the best performer of major cryptocurrencies during the upswing on the market led by US President Donald Trump.

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According to market commentator John Squire, the real story is the seven-year set-off that precedes this jump.

“If perseverance is a crypto token, XRP holders will already be billionaires,” he said, pointing out years through crashes and legal battles.

If patience is a token, $ xrp The holder is already a billionaire. ‍

– John Squire (@thecryptosquire) June 8, 2025

XRPs gather as the market changes

After a rough patch, the XRP jump was caught by many surprises. The coin surged from around $0.11 at the beginning of November 2024 to nearly $0.75 by the end of January 2025.

Most trading platforms have volumes engraved, suggesting that fresh money is making prices higher. Traders who stood out with years of mild profit and deep dip have finally seen the reward.

7 Years of Price Struggle

From March 2017 to January 2018, XRP won over 68,000%, peaking at $3.84. Based on on-chain data, its furious execution caused a brutal 97% slide by March 2020 when the price reached $0.1140.

Another bounce almost doubled the price in November 2020, but the Securities and Exchange Commission lawsuit overturned that move, with XRP falling 67% in December 2020.

Holder number rises in lawsuit

Nevertheless, the number of XRP holders continued to increase. According to Santiment, around 986,000 wallets held XRP in January 2018. By December 2022, over 3.53 million new addresses had joined the network, pushing a total of 4.5 million into the past.

That surge in interest came even if many US-Canadian interactions suspend transactions. It shows newcomers and longtime followers have piled up while regulators and markets wrestled with fallout.

Recovery is facing headwinds from the market cycle

The latest rally is impressive, but it goes against the mixed code background. Bitcoin and Ethereum show uneven strength, and overall sentiment is cautious. Some traders warn that sharp profits can trigger profitable events. Especially when the wider market cools, or when the SEC lawsuit sees a new twist.

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Analysts are aiming for big profits

Some voices in the space have high bars set. Analyst Barrick recently said he wasn’t satisfied with the sale for $2 after years of holding. His target? XRP is $100 high. That means a market capitalization that rivals today’s biggest tokens.

Whether that happens depends on fresh adoption, legal clarity, and broader cryptography health.

INKL featured images, TradingView chart