XRP Price Surge Raises Questions About Token's Adoption Rate

XRP, a cryptocurrency that has been around since 2013, experienced a significant price surge in late 2024. The token's value increased by as much as 600% between November 2024 and July 2025, reaching $3 for the first time in seven years.

The two main factors contributing to XRP's rise were related to Washington D.C. developments. Firstly, then-candidate Donald Trump's election victory in early November 2024 led to increased interest in XRP. Secondly, the SEC dropping its appeal against Ripple in July 2024 also contributed to the token's surge.

However, despite its utility as a faster and lower-cost way for financial institutions to send funds across borders, there is a lack of clear evidence on XRP's adoption rate. Ripple publishes data on its payments network, but it is not granular enough to determine the token's true position in the fintech landscape.

Investors are advised to be cautious when considering buying XRP until more concrete evidence of its adoption and utility becomes available. For now, the token remains a speculative investment.