XRP’s New Year’s Day price history shows sharp boom-and-bust cycles, from its 2018 peak to a 2025 rebound. | Credit: Gemini.
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Key Takeaways
XRP’s New Year’s Day prices reveal a long cycle of boom, sharp correction and extended consolidation.
Despite a strong rebound into 2025, XRP is still about 51% below its all-time high.
Technical indicators suggest easing downside pressure, but XRP remains in a broader downtrend.
XRP’s price on New Year’s Day has repeatedly highlighted the level of investor sentiment around the asset, offering a yearly snapshot of how traders have positioned themselves entering each year.
Join CCN as we look back at XRP’s Jan. 1 prices over the past eight years, which show sharp contrasts between periods of exuberance and prolonged consolidation.
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XRP’s 2018 New Year’s Day price was $2.48, capping a late-2017 rally that briefly pushed the token into one of the fastest-growing assets.
However, the surge ultimately proved unsustainable.
By Jan. 1, 2019, XRP had fallen to about $0.36 as the wider market unwound what many investors later viewed as excesses from the prior cycle.
The downturn deepened in early 2020, when XRP began the year at $0.19, reflecting weak sentiment and the absence of strong catalysts as attention shifted elsewhere in the cryptocurrency market.
Years of Consolidation
XRP remained range-bound through the early 2020s.
It started at $0.24 in 2021 and showed limited follow-through despite a broader bull market later that year.
By the start of 2022, XRP had climbed to roughly $0.85, supported by renewed retail interest, but the move again failed to develop into a sustained breakout.
The token started 2023 at around $0.34, amid a risk-off environment driven by tightening global financial conditions.
Sentiment improved in 2024, with XRP starting the year around $0.63 as crypto markets stabilised.
XRP entered 2025 trading near $2.22, its strongest New Year’s Day level since 2018, reflecting a broad recovery across digital assets and renewed interest.
Despite the rebound, XRP remains well below its historical peak.
Why XRP Remains Below ATH
All-time high price: $3.84
Approximate current price: $1.87
XRP is still trading roughly 51% below its all-time high of $3.84, despite having deep liquidity and a large market capitalization.
A central factor has been the long-running U.S. regulatory dispute involving Ripple, which uses XRP in its products.
Years of uncertainty over whether XRP could be treated as a security created hesitation among exchanges.
While parts of the legal battle have moved in Ripple’s favor, analysts say the legacy of the case continues to dampen demand from large U.S.-based investors.
XRP also differs from mined crypto in that it was largely pre-issued.
Ripple received the majority of the original supply and has historically sold XRP from escrow and holdings to fund operations and ecosystem development.
That structure has created ongoing sell pressure during price rallies.
Growth Incoming?
After weeks of corrective action, analysts say XRP is showing early signs of recovery.
“As a result, it has increased the likelihood of a short-term rebound toward the $2,” CCN analyst Victor Olanrewaju said.
However, from a technical perspective, XRP remains under pressure despite its recovery into early 2025.
On the daily chart, the token continues to trade within a well-defined downtrend, marked by a sequence of lower highs and lower lows, Olanrewaju said.
XRP/USD Daily Chart | Credit: TradingView
Momentum indicators also reportedly support that assessment.
The Money Flow Index (MFI), which tracks capital inflows and outflows, remains in negative territory, pointing to subdued buying interest.
“The MFI staying below neutral suggests capital inflows are still weak,” Olanrewaju said.
“That said, the upward slope tells us selling pressure is easing, even though buyers have not fully stepped in.”
The Relative Strength Index (RSI) paints a similar picture. The indicator remains below the 50 level, signaling that bullish momentum is still lacking on the higher timeframe.
“RSI below 50 shows buyers have yet to regain control of the market,” Olanrewaju said. “While XRP is not oversold, the broader structure remains bearish.”
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
