Last year was marked by massive gains and sharp crashes in the cryptocurrency market. Numerous digital assets broke their previous all-time highs, including Ripple's XRP, which reclaimed its peak after over seven years.
XRP reached a price of $3.65 exactly one year ago, but what caused it to fall? The article explores the reasons behind this decline and whether XRP can repeat its 790% rally from 2024.
The renewed deleveraging on Binance is a positive sign for XRP, with a key derivatives metric cited by CryptoQuant author Darkfost dropping to one of its lowest levels since late 2024. This reduced leverage lowers liquidation risk and may improve token performance outlook.