XRP has plunged 53.8 percent since October 2025, yet its price remains sluggish despite a series of positive developments, blockchain outlet The Crypto Basic reported on April 2.

Ripple has continued to expand its business through acquisitions, partnerships and securing licences, but XRP is down 28.58 percent so far this year. It has also posted monthly declines for six straight months for the first time in 12 years.

Zach Humphries (자크 험프리스), a commentator in the XRP community, said on X, formerly Twitter, that XRP does not move on the idea that positive news equals price gains, unlike stocks such as Apple, Nvidia and Amazon. He described XRP as a liquidity asset rather than a stake in Ripple. XRP holders cannot access Ripple’s profits or cash flow, he said, and the price depends on network adoption and token demand. He added there is a big gap between Ripple’s growth and demand for XRP.

He said the U.S. Securities and Exchange Commission lawsuit suppressed the price for about 4 years. When the lawsuit began in December 2020, major exchanges such as Coinbase delisted XRP, and U.S. financial institutions largely avoided it due to uncertainty, he said. Although the case ended positively, he said institutions are moving slowly as they wait for additional legal clarity.

Supply was also cited as a factor. XRP has a large circulating supply, and Ripple continues to unlock tokens. He said the token has risen sixfold in 6 weeks in the past, but long-term gains depend on a steady inflow of capital and real-world use.

Humphries also said XRP responds to liquidity more than to announcements. When bitcoin strength lifts investor sentiment and risk appetite, altcoins broadly move and XRP rises along with them, he said. He also noted that Ripple’s progress, including RLUSD and tools for institutional use, is unfolding below the surface, meaning that even if adoption increases, it may not be immediately reflected in the token’s price.