Ripple's Growth Leaves XRP Price Struggling to Break Through All-Time High
XRP's price remains stuck below its all-time high of $3.84, despite Ripple becoming a top financial institution and the SEC case against it being closed.
The cryptocurrency has been unable to break through this level, even with spot ETFs on the way and a conditional U.S. national trust bank charter in place.
One reason for this is the increasing supply of XRP, which has grown from 34 billion coins at its peak to 63 billion today.
This means that for XRP to reach $3.84 again, its market cap would need to grow to around $242 billion, a significant increase from its current value of about $67 billion.