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XRP trades at $1.25, down 67% since July peak, as Ripple rolls out XRPL 3.2.0 upgrade that cuts memory use 40%; see why the move matters.
XRP fell to $1.25 per token on June 16, marking a 67% plunge from its July 2025 high, just hours after Ripple released the XRPL 3.2.0 software upgrade that trims memory consumption by up to 40% [1].
| At a glance | |
|---|---|
| Price | $1.25 |
| 24‑h change | –2.1% |
| YTD performance | –34% |
| Catalyst | XRPL 3.2.0 upgrade (‑40% memory) |
Ripple’s latest software release, coded 3.2.0, introduces bug fixes and a memory‑usage reduction of roughly 40%, which the company says will make the XRP Ledger faster and cheaper for processing payments [1]. The upgrade was announced without any accompanying partnership or new use‑case news, and the price reaction was modestly negative, with XRP slipping another 2% in the hours following the announcement. The move comes amid a broader year‑to‑date decline of 34% for the token, reflecting continued pressure from investors despite the technical improvements [2].
While the upgrade improves network efficiency, it does not address the core demand issue: banks are not required to hold XRP to use Ripple’s payment network, and many prefer stablecoins such as Ripple USD (RLUSD) for fiat‑denominated transfers [1]. RLUSD transactions still pay fees in XRP, but the volume is insufficient to generate meaningful token‑burn demand. Moreover, XRP’s volatility remains a concern for institutional users, limiting its appeal as a bridge currency [1]. Analysts note that even a substantial increase in transaction volume would have a negligible impact on the token’s circulating supply, which is roughly 100 billion XRP [2].
XRP’s market cap sits near $70 billion, ranking it the seventh‑largest crypto asset, yet its price has lingered below $1 for most of the past four years, only briefly breaching that level during the 2024 election‑driven rally [1]. Historical patterns suggest another potential drop to $0.14 would require an 89% further decline from current levels [1]. Conversely, Ripple’s broader ecosystem ambitions—targeting payments, tokenization, and institutional DeFi—are cited as the longer‑term growth engine, though adoption is expected to be gradual [3].
The XRPL upgrade underscores Ripple’s focus on technical refinement, but without a clear path to increased institutional demand for XRP, the token’s price may remain constrained, leaving investors to watch for further network developments or market‑wide crypto sentiment shifts.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 24, 2026 · How we report
Ripple Rock was an underwater mountain in British Columbia whose peaks created dangerous tidal eddies; it was demolished in 1958 to improve navigation safety.
The XRP Ledger was launched in 2012 by Ripple Labs, following development that began in 2011 by engineers David Schwartz, Jed McCaleb, and Arthur Britto.
A 2023 U.S. district court decision stated that XRP is not a security, though the manner of its sale could be considered a securities transaction.
In March 2025, President Donald Trump announced that XRP was among five digital assets considered for inclusion in a planned U.S. crypto strategic reserve.