XRP News Today: XRP Hits New Record High $3.65 After Eight Years

XRP recently reached a new record peak, sparking discussions about its true all-time high and overall market performance. Despite this impressive gain, XRP’s recent peak still lags behind the growth seen in other major cryptocurrencies like Bitcoin and Ethereum. According to COINOTAG, Ripple CTO David Schwartz clarified that previous XRP price records were inflated by premiums on Korean exchanges, affecting perceived all-time highs.

On Thursday, XRP surged to $3.65, marking what many consider a new record high for the token. However, this milestone has been met with skepticism due to historical price discrepancies. Notably, XRP’s previous all-time high of $3.84 was recorded on Korean exchanges such as Upbit and Bithumb, where the token traded at a significant premium. Ripple CTO David Schwartz has emphasized that these figures do not reflect prices on major Western exchanges like Bitstamp, Kraken, or Coinbase, where XRP’s peak hovered around $3.3 to $3.4. This distinction is critical for investors seeking accurate market data, as the Korean premium meant that the $3.84 price was not accessible for most traders in meaningful volumes. Consequently, the recent $3.65 peak on global exchanges represents XRP’s first genuine new record high in nearly eight years, signaling renewed investor interest and market momentum.

While XRP’s recent rally is noteworthy, its overall growth trajectory remains modest when compared to other leading cryptocurrencies. Since early 2018, Bitcoin has surged approximately 850%, climbing from around $20,000 to current levels well above $150,000. Ethereum has also demonstrated robust growth, increasing by roughly 400% over the same period. In contrast, XRP has only just surpassed its early 2018 peak, indicating a slower recovery and less pronounced investor enthusiasm. Researcher Leonidas Hadjiloizou highlighted this disparity, noting that “XRP still has a lot of catching up to do,” underscoring the token’s ongoing challenges in regaining market dominance.

Investor sentiment around XRP remains mixed, as illustrated by high-profile figures such as Barstool Sports founder Dave Portnoy. Portnoy recently disclosed that he sold his entire XRP holdings at $2.4, citing concerns about competition from USDC issuer Circle. Despite missing out on subsequent gains of over 60%, Portnoy confirmed he no longer holds XRP, reflecting a cautious stance prevalent among some community members. This cautious sentiment contrasts with XRP’s status as the best-performing token in the top 10 over the past two weeks, where it surged more than 38%. The divergence highlights the complex dynamics within the XRP ecosystem, where optimism about price appreciation coexists with skepticism about long-term fundamentals and competitive pressures.

XRP’s price movements are also shaped by ongoing regulatory developments and market conditions. The token’s association with Ripple Labs has subjected it to scrutiny, particularly in the United States, where legal challenges have impacted investor confidence. Meanwhile, broader market trends, including shifts in institutional adoption and macroeconomic factors, continue to influence XRP’s volatility and growth potential. Analysts emphasize the importance of monitoring these external variables as XRP attempts to consolidate its recent gains and build sustainable momentum in a highly competitive crypto landscape.

XRP’s recent surge to a new record peak marks a significant milestone after nearly eight years, yet its performance remains modest relative to Bitcoin and Ethereum’s substantial growth. Clarifications regarding historical price data have helped set realistic expectations for investors, while mixed sentiment within the community underscores ongoing challenges. Moving forward, XRP’s trajectory will depend on regulatory outcomes, competitive positioning, and broader market dynamics, making it essential for investors to stay informed and exercise prudent risk management.