XRP’s market cap has lost $98 billion from its 2025 peak

XRP’s 2025 rally has unwound sharply, with the token shedding roughly $98 billion in market value from its peak earlier this year, despite renewed trading activity and elevated volumes toward year-end.

In particular, XRP’s market capitalization peaked at approximately $210.4 billion on July 22, 2025, when the token traded near $3.56.

As of December 26, XRP is trading around $1.86, giving it a market cap of roughly $112.8 billion, according to data from CoinMarketCap retrieved by Finbold.

The current total worth of the XRP ledger token represents a decline of about $97.6 billion from the absolute peak.

XRP price peaked near $3.56

XRP’s July surge was abrupt and event-driven, with the token jumping from the mid-$2 range to above $3.50 in a matter of days. However, the move proved unsustainable. Selling pressure emerged almost immediately, and XRP failed to establish a higher support zone above $3, leading to a prolonged downtrend through August, September, and November.

By late December, XRP had retraced more than 40% from its yearly high, reflecting fading momentum and increased profit-taking following the summer rally, despite the approval of Spot XRP ETFs.

Market cap data confirms $98 billion valuation drawdown

The market-cap chart reinforces this picture. After briefly breaking above the $210 billion threshold, XRP’s valuation entered a steady decline, marked by lower highs and lower lows. Even periods of increased trading volume, including a notable spike around late November, failed to reverse the broader trend.

As of December 26, XRP’s market capitalization sits near $112.8 billion, placing it well below its 2025 peak and highlighting the scale of capital that exited the asset after the rally cooled.

Can XRP reclaim key support levels in 2026?

As for next year, XRP’s ability to reclaim lost ground will likely depend on whether it can stabilize above the $1.80–$2 range and convert former resistance into support. Without a sustained break higher, the charts suggest the token remains in a consolidation phase following one of the most aggressive boom-and-bust cycles of 2025.