Ripple has become this month’s ace, who will turn the tide at the end of the year?

ChrisLarsen 2025-9-23 18:20 21469人围观 XRP

Although most mainstream currencies are still lingering in the declining bear market, Ripple, which has been working quietly, stands out in the cryptocurrency market and has become one of the cryptocurrencies that performed well this month. However, after

Although most mainstream currencies are still lingering in the slumping bear market, Ripple, which has been working quietly, stands out in the cryptocurrency market and has become one of the cryptocurrencies that performed well this month.

However, in the first half of the year, which saw a recovery after a huge plunge, many cryptocurrencies have rebounded from their lowest prices last year, and Ripple has been experiencing continuous declines. Bitcoin, which has attracted much attention, has risen from around US$5,000 in early April this year to US$14,000 in a few months, and Bitcoin Cash has also risen from less than US$100 at the end of 2018 to around US$400.

Beyond Bitcoin

The unforeseen black swan event on September 25 swept the entire cryptocurrency market. Bitcoin fell from about $9,500 at the time to just over $8,100, losing about $1,400 in just a few minutes, and altcoins were "bloody".

Many currency friends who experienced the BSV fork incident last year still feel sad when mentioning this incident. Bitcoin fell from around US$6,000 to around US$3,000 and stayed there for about five months. The impact of that incident on the currency circle has not yet fully recovered.

Nicholas Pelecanos, advisor at NEM Ventures, commented:

Trading volumes across the cryptocurrency market have been slowly declining, meaning traders are waiting for clearer trends across the cryptocurrency market, which is currently down 46% from its June high. XRP had a nice rally over the past week but is starting to slow down.

Observing the K-line chart of Ripple, it has risen from US$0.23 at the end of last month to US$0.3. Although the amount is not large, the increase this month has exceeded 30%, and it seems to have gone out of its own independent market.

The team is working

According to one source, the rise in the price of XRP over the past month is related to the actions of Ripple executives, who are said to be frantically increasing the adoption rate of XRP. For now, Ripple executives still own more than 60% of the shares, which runs counter to the concept of decentralization of cryptocurrency, and Ripple has also been questioned by the outside world. Ripple once issued a statement regarding the outside world’s speculation:

We should all get rid of FUD (Fear, Uncertainty, Doubt) who treat digital assets as a religion rather than a technology that can solve real-world problems. [We] will continue to take proactive steps to address misinformation and FUD while being responsible and transparent stakeholders of XRP.

Ripple CEO Brad Garlinghouse said in a recent interview:

With transfer transaction speeds approximately 1,000 times that of Bitcoin and the cost of each transaction being 1,000 times cheaper than Bitcoin, XRP is the only instance of encryption and blockchain being used on a large scale.

the reason why all this happened

Nicholas Pelecanos analyzed that there are many reasons for the sudden drop in the price of cryptocurrencies. On the one hand, the relationship between China and the United States has begun to mend, and many fewer people choose to store value in cryptocurrency. On the other hand, Libra, which had high hopes, got off to a bad start, and Bitcoin and its "little brothers" were unable to follow the rising tide.