XRP was one of the cryptocurrencies.”Made in America” (made in the United States) was most prominent after Donald Trump’s presidential victory in November 2024.
As Cryptootics reports, the prices of cryptocurrencies issued by Ripple Labs at the time were A bullish rally that allowed him to mark the historic biggest (ATH) of $3.39.
However, since Trump arrived at the White House, XRP’s performance is not expected and is currently struggling to maintain his $2 dollar historic support.
When you say “it wasn’t expected,” that’s because Ripple Labs was one of the companies that was favored by Republican leaders who arrived at the presidency and the country’s Bags and Securities Commission (SEC) to renew the authorities.
Gary Gensler’s departure as head of regulatory bodies was key to dismissing demand for Ripple Labs on XRP commercialization, creating expectations for a positive impact on the price of assets. This requires the addition of initiatives promoted by Trump to create a regulatory environment that is beneficial to the industry.
Despite these changes, performance XRP disappoints investorsshowing that other factors have influenced their quotes, such as the commercial war that Trump unleashed.
Now, after “Liberation Day,” the cryptocurrency market will collapse when Trump announces protectionist policies on April 2, 2025. This includes reciprocal duties regimes and taxing products in countries that charge US imports. In his speech, Trump presented the table with new tariffs, affecting China, the EU, Japan, Canada and Latin America.
GlassNode, data analysis company On-chainwhich highlights recent reports on XRP behavior from November 2024 to April 2025, highlighting during that period It was one of the small investors’ favorite assets. He adds: “Studying your behavior can serve as an indicator to measure retail speculative demand.”
One of the most notable metrics is that “only 10% of Bitcoin is the quarterly average for XRP’s active directors has increased by 490% from the lowest price in the 2022 cycle.”
As they explain, this contrast suggests that XRP has attracted retail enthusiasm.
To assert it The price of XRP appears to have been driven more by speculationanalysts compare it to the performance of Bitcoin (BTC), the most valuable asset on the market.
“BTC’s rebounds follow a more organic, progressive trajectory, characterized by constant growth, highlighted by strong bullish trends and key catalysts such as background launches cited in the stock market (ETF) and events relating to the US election,” they elaborated.
XRP, meanwhile, shows a “pricing pattern that matches retailer-driven speculation rather than a structured, sustained input of new demand.” he Price catalyst was a victory for the tramsp As mentioned above, in the US presidential election.
The following graph shows the performance of Ripple Cryptocurrency (Black Line) compared to the performance of BTC (yellow line) from the end of 2022 to April 2025.
Demonstrating Metrics The growth of XRP during this period is an increase in its capitalization.It’s almost doubled in recent months. The report stands out:
“The capital letters made with XRP have almost doubled from 3.01 billion to 64.2 billion, which reflects a key capital entry point. Note that the approximately 30 million increase from investors who have invested capital in the last six months, highlighting the short period of this rebound driven by retail.”
GlassNode, an on-chain analysis company.
The capital letters made are metrics that calculate the total amount of assets based on the price each unit was last acquired, not the current market price.
Unlike traditional market capitalization, which multiplies current prices by distribution supply, the capitalization implemented reflects the investor’s real base costs, providing a more accurate vision of how effectively capital has entered the market.
In the case of XRP, its capitalization has almost doubled. This means that a large amount of new money has been injected into the market and reflected this into the market. Recently, many coins have been purchased at a higher price.
A slowdown at the capital’s entrance indicates speculative demand is losing its impulse, which could lead to less purchasing pressure and a drop in price.
“Loss of trust”
The report also warns that a large number of new investors have entered the XRP market in recent months, increasing the proportion of capital implemented With fork hands for less than 6 months from 23% to 62.8%.
However, many of these investors have faced major losses since January 2025. This rapid wealth concentration in new participants represents a reason for concern.
This means that the majority of investors have purchased XRP at a higher price, making them more vulnerable to price conversions. For low cryptocurrencies, many of them will quickly lose.
The following loss/profit indicators measured the number of XRP units sold at gain (green line) and those sold at loss (red line).
As you can see in the graph, the metric has been down since January 2025. More investors are selling XRP with losses rather than profits.
“These conditions are a general signal of loss of trust and a general trend towards more vulnerable and higher risk conditions. Given the concentration of retail tickets and wealth primarily in relatively new hands, this could reduce XRP’s confidence, which could generally be expanded into the market.”
In conclusion, GlassNode analysts believe that with speculative assets such as XRP, “demand can reach maximum points.
Quiet XRP fan… there is still a valid catalyst
GlassNode’s report raises a somewhat complicated scenario for XRP, but there are several events that can increase the price.
One of them is the launch of the XRP ETF in the US. As Cryptonoticia reports, several companies are currently submitting applications with the SEC to list these financial instruments.
Deviation into the market increases XRP exposure for corporate investors, in addition to attracting more liquidity to the Ripple ecosystem. It is also possible that these financial products have not achieved the expected success, as was the case with Ethher (ETH) ETF, Ethereum’s native currency, which has a much lower performance compared to Bitcoin.
Another factor that could serve as a price catalyst is interest rate reductions.
For some financial analysts, the tariff war that Donald Trump unleashed could force interest rate cuts.
The next meeting of the US Federal Reserve will be in May, and agencies should not rule out applying cuts to combat inflation winds that could cause tariffs.
At this point, it needs to be clear The Fed generally does not lower prices when inflation rises. Still, analysts like Scott Mercer believe central banks can make cuts to avoid an economic recession.
This can be beneficial for BTC and cryptocurrency. This is because low interest rates reduce the cost of debt and provide more liquidity in the system.
In that case, investors will be interested in risky assets such as actions, BTC, and cryptocurrency.
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