XRP continues to exhibit a resilient upward trajectory on its yearly chart, boasting a substantial 48% increase in value this year, even amidst recent fluctuations in shorter timeframes.
Although XRP hasn’t remained untouched by the recent turbulence in the broader market, relinquishing gains accrued on July 13, its yearly chart showcases a remarkable 48% surge since the beginning of the year.
This noteworthy observation was first brought to light by prominent XRP community figure, Alex Cobb, during a period of diminishing bullish sentiment. Cobb provided a comprehensive chart illustrating XRP’s yearly price movements spanning from 2013 to 2023.
A closer examination of XRP’s annual performance over the past decade unveils an impressive growth trajectory that has characterized the asset. This extended perspective reveals a consistent upward trend for XRP, which commenced in January 2013.
XRP’s Yearly Chart
Notably, XRP concluded the year 2013 with a substantial gain of 366%. Subsequently, the asset encountered a corrective phase over the subsequent three years, resulting in an 86% decline in value from 2014 to 2016. Nevertheless, XRP managed to retain a significant portion of its 2013 gains.
The pivotal year for XRP arrived in 2017, during which it experienced an astronomical surge of 33,000%. By the end of 2017, XRP was trading at $1.9900, a substantial increase from its starting point at $0.0067 earlier in the year. Building upon the 2017 rally, XRP reached its all-time high (ATH) of $3.32 in January 2018.
Subsequent to these impressive bullish performances, XRP encountered periods of volatility. Its efforts to establish a new ATH during the 2021 bull market faced legal challenges arising from the SEC lawsuit.
48% Gain for XRP This Year
Despite these obstacles, XRP managed to maintain an upward momentum, further complemented by its recent surge. Notably, XRP has surged by 48% since the start of 2023, securing its position among the leading gainers for the year.
XRP has outperformed other prominent cryptocurrencies, including Ethereum (ETH), Cardano (ADA), Binance Coin (BNB), and Dogecoin (DOGE). For context, ETH has seen a 36% gain this year, while ADA has recorded a modest 3.5% increase. BNB and DOGE, in contrast, have experienced declines of 12% and 9%, respectively, in 2023.
This long-term perspective is particularly significant as it underscores XRP’s enduring bullish momentum. Despite recent corrections from its high of $0.9380, XRP aims to reinvigorate investor confidence. Additional XRP community figures have also expressed optimism, suggesting that the asset is on the verge of a substantial rally. Currently trading at $0.5041, XRP has registered a 1.27% increase over the past week.