XRP Outperforms 60% Of Top 100 Coins But Massively Down On Long-Term Scale

XRP has delivered significant returns this year but has largely underperformed the major crypto assets BTC and ETH in a longer time frame.

The price of XRP has gained over 65% since the start of January, making it one of the best-performing cryptocurrency assets among the top 100 coins.

A significant chunk of the gains came in July after a U.S. Supreme Court ruled in favor of Ripple in a long-standing lawsuit with the Securities and Exchange Commission (SEC).

However, XRP investors have seen most of the unrealized gains in the aftermath of the court victory wiped out despite the broader crypto market being in an uptrend for most of the year.

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While XRP reached as high as $0.93 following the ruling, the crypto asset eventually dropped to $0.44. XRP eventually managed a long-term rebound that has taken it above $0.62 at the time of writing.

The less-than-impressive performance of XRP has raised concerns among investors on whether it is still ideal to hold the cryptocurrency, especially with Ripple’s legal woes still not wholly resolved. A closer comparison with other top assets like Bitcoin (BTC) and Ether (ETH) further exposes XRP’s lukewarm performance.

XRP Struggles Against BTC and ETH

XRP’s performance over the past three years has been largely shaped by Ripple’s regulatory hurdles, which began in late 2020. As evidenced in July, the company’s partial victory led to a surge in price.

The uncertainties facing XRP mean it barely stands a chance compared to BTC and ETH. In the past five years, XRP’s value is up 102% against the dollar, but down 82% compared with BTC and a further 91% against the second largest crypto, ETH. XRP has also struggled with the three-year time frame, losing 52% and 73% against BTC and ETH, respectively.

Evidently, Ripple’s legal woes have largely impacted XRP’s price, especially with the company’s institutional and corporate strides impeded by regulatory uncertainties.

Yet, XRP holders remain hopeful that the tide will soon turn and the years of patience will eventually pay off, even though nothing is guaranteed.