XRP is no stranger to violent price swings. The asset faced some of its worst years from December 2020 till late 2024. XRP only began to make an upward push after the SEC vs. Ripple lawsuit was nearing its end. XRP climbed to an all-time high of $3.65 in July this year, hitting a new peak after more than seven years. However, XRP’s price has seen a gradual descent since its July highs, falling more than 47% from its peak. According to CoinGecko data, XRP is down 0.1% in the last 24 hours, 4% over the previous week, 7.6% in the 14-day charts, 0.5% over the previous month, and 12.9% since December 2024. Let’s discuss if XRP can climb to $2 before the year ends.
Can Increased Demand Push XRP To $2?
XRP is one of the most popular cryptocurrencies in the market. However, the asset does not seem to have much demand at the $2 mark. XRP’s price seems to be consolidating around the $1.90-$1.95 level. In fact, the larger crypto market itself is showing signs of consolidation. Bitcoin (BTC) may be plateauing around the $88,000-$89,000 level. Other cryptocurrencies are simply following BTC’s trajectory.
XRP may hit the $2 mark if Bitcoin (BTC) can reclaim the $90,000 price level. The original crypto is struggling to break past the $89,000 mark right now. BTC’s struggles are likely trickling into XRP and other assets.
Also Read: XRP Poised for Massive Breakout as Key Technical Signal Emerges
XRP also saw the launch of a few spot ETFs earlier this year. XRP ETF products have seen more than $1 billion in inflows so far. Although ETF inflows have played a substantial role in the 2025 crypto market cycle, XRP’s ETF inflows have not been sufficient to propel the asset’s price. Increased ETF inflows could help XRP go beyond the $2 mark.