Ripple ($XRP) has reportedly made significant waves in the crypto market with its unparalleled price surge. As per the market statistics, Ripple ($XRP) has witnessed a staggering 326.36% price growth over the past six months. Ripple’s bullish price rally gets support from several favorable factors that have boosted overall investor confidence.
Ripple ($XRP) Experiences 326.36% Growth Over Last 6 Months
The prominent factors fueling this massive price growth of $XRP include the rising institutional adoption, legal rulings, as well as spiking investor confidence. In line with the market statistics, since October last year, a huge 326.36% jump in $XRP’s price shows its potential for additional growth. Although October and early November experienced sideways price movement, the next months displayed a remarkable growth trajectory.
October as well as November’s initial days witnessed least volatility and the price movement made small candlesticks during that time. Particularly, the price moved within the range of $0.60242-$0.82787. This starting period shows $XRP’s stable price movement before its significant breakout that occurred after that.
Ripple ($XRP) Recording Peak Price Surges in December and January
Following that, Ripple ($XRP) recorded a substantial rise from the mid-November onwards. Within the latter part of November, $XRP rose to $1.89917, expressing a doubled increase. Subsequently, December saw further growth as the price touched $2.84540 on December 3rd, the level which is near the all-time high of $3.40000.
While moving on, January 2025 marked the month in which Ripple ($XRP) reached its new ATH. Thus, on January 16, the new ATH of $3.40000 was achieved. Nonetheless, since that time the price has been gradually declining. The maximum price decline after that occurred on February 3, at $2.12769.
What’s more, the price has not been able to reclaim the $3.00000 mark up till now. Keeping in view the support provided by favorable policies, increasing institutional adoption, and heightened investor interest, Ripple ($XRP) is poised to reach new ATHs. However, it requires breaching above the psychological resistance level of $3 to ensure its further upsurge.
