XRP, a leading cryptocurrency, has made recent headlines with its price surge, signaling a potential revival after years of challenges. From its all-time high (ATH) of $3.84 in early 2018 based on CoinMarketCap data, XRP’s journey has been marked by dramatic highs and lows, largely shaped by regulatory battles and shifting market sentiments.
Overcoming Legal Battles with SEC
In 2018, XRP’s ATH reflected widespread enthusiasm for its innovative use in cross-border payments. However, by December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, accusing the company of selling XRP as an unregistered security. The case caused XRP’s price to plummet and led to its delisting from major U.S. exchanges.
After years of legal wrangling, Ripple settled the case with the SEC, agreeing to pay a $125 million penalty. This resolution lifted a cloud of uncertainty that had long weighed on XRP, setting the stage for renewed investor confidence.
Trump’s Return and Gensler’s Exit Spark XRP’s Rally
A driving factor in XRP’s recent success has been the return of Donald Trump to the U.S. presidency. Many in the crypto industry view his administration as more supportive of digital assets compared to its successor, and his reelection has renewed investor optimism. This shift in sentiment has directly contributed to the surge in XRP’s price. Reports have also surfaced that Trump had allegedly planned to sack SEC Chairman Gary Gensler upon taking office, further fueling speculation about a shift in crypto regulation.
However, Gensler preemptively announced his resignation in 2025, sending shockwaves through the crypto market. Gensler’s tenure was marked by strict enforcement and frequent crackdowns on cryptocurrencies, creating significant challenges for the industry. His resignation has been considered as a turning point, sparking renewed confidence in XRP and driving its price even higher.
Trump’s Pro-Crypto Treasury Pick Boosts Confidence
The price of XRP is climbing following President-elect Donald Trump’s choice for Treasury Secretary, Scott Bessent. Known for his strong support of cryptocurrency, Bessent’s nomination has sparked renewed optimism in the market. Ripple CEO Brad Garlinghouse praised the decision, calling Bessent “the most pro-crypto Treasury Secretary we’ve ever seen.” Many believe that with Bessent’s leadership, the U.S. government will soon introduce more policies supporting cryptocurrency, further driving interest in XRP and other digital assets.
Can XRP Reach Its $3.84 ATH Again?
XRP’s recent rise has left many wondering whether it can reclaim its former glory. With legal troubles behind it, renewed political support, and a more favorable regulatory outlook, the cryptocurrency is better positioned than ever. For those new to the market, XRP’s rise serves as a reminder of how quickly fortunes can change in the world of cryptocurrency.