XRP's Price Plummets as Investors Flock to AI Stocks

XRP's price has tumbled 63% over the past year due to lack of catalysts and shifting investor interest.

The token benefited from the introduction of XRP exchange-traded funds (ETFs), which made it easier for investors to own some of the token without the technical hassle of owning crypto outright. However, the anticipation of an XRP ETF helped drive its price higher before launch, but now that the ETFs are available, the initial buildup has played out.

The US government's more open stance toward cryptocurrencies also contributed to XRP's gains over the past couple of years. After the White House said it was launching a Strategic Bitcoin Reserve, some tokens, including XRP, gained traction on hopes they'd eventually be added to the reserve. However, XRP never made it into the reserve, nor have any other cryptocurrencies.

Investors are now turning their attention toward AI stocks, which offer strong returns with less risk. Companies like Micron Technology and Nvidia have created some massive stock winners over the past three years, surging 1,100% and 368%, respectively. Meanwhile, XRP is up just 55% over the same time.