Overview of annual price movements in the history of XRP development from 2016 to present
Making a simple statistic from 2016 to the present, we will look at the price movements of XRP and measure its annual gain when compared to growth in 2021.
XRP/USD 4-hour chart | Source: TradingView
XRP price has increased by 32,943% in 2017 and so far in 2021 it has increased to 625%
XRP’s most bullish year so far was 2017 with a 32,943% gain. This is also a reasonable number because 2017 was the time when most cryptocurrencies were strong. In it, Bitcoin’s price also hit a record high of $ 20,000 then fell into a bleak crypto winter for almost three years.
Elsewhere, so far in 2021, the price of XRP has risen to 625%.
- XRP in 2016 – 2018
In 2016, XRP started trading for the year at $ 0.0061. 2016 was a year without many events, with a lack of volatility recorded throughout 365 days. The annual closing price was at $ 0.0066, up only 5.86%.
All of this changed in 2017, a year that saw a significant increase in the price of the token. XRP is up 32.943%, reaching a yearly close at $ 1.97.
Meanwhile, XRP continued to hit an all-time high at $ 3.28 in January 2018. However, during the remaining 11 months of 2018, XRP continued to decline in price. However, the decline of XRP is still sympathetic because at this time, the entire cryptocurrency market, including Bitcoin, is also in a bleak state.
XRP is steadily decreasing every month, except for April and September. It continues to hit a yearly close at $ 0.349 – down 82.26% year-on-year.
- XRP in 2018 to present
2019 was also a bearish year for XRP. This is the second consecutive year the closing price was lower than it opened. Overall, XRP was then down 44.71 percent, fiddling with a new low of $ 0.173.
2020 is a very exciting year with many changes. XRP reached a high of $ 0.78 in November before falling significantly next month and created a candle that engulfed the price. However, XRP is still trying to hit a yearly close around 14% higher than the opening price.
Ultimately, XRP has risen significantly in 2021. So far, the price of XRP has risen 62% over a little over four months, making it the second-best year for Ripple’s native token.
Conclusion
Thus, throughout the historical price time, it is statistically possible that XRP has gone through the following price periods:
- 2016: 6%
- 2017: 32,943%
- 2018: -82%
- 2019: -45%
- 2020: 14%
- 2021: 625%
At press time, XRP’s price is trading around $ 1.43, down more than 8% over the past 24 hours.
You can see the XRP price here.
Read more:
- Despite The Ongoing Legal Battle With The Securities Exchange Commission, Ripple Reported A 97% Increase In Sales Of XRP For Q1
- The Court Confirmed That The SEC Doesn’t Have To Produce Informal Staff Communications About XRP, Bitcoin, And Ethereum