XRP Community Remains Hopeful Despite Price Decline

An XRP community enthusiast who goes by @WKahneman on the semi-ironic “Mannet” has expressed moderate optimism as the XRP price, along with the entire altcoin segment, experiences a downturn. The surge prompted by the U.S. crypto reserve announcement appears to have been a “sell the news” event for XRP.

XRP Community Remains Enthusiastic Despite Lackluster Performance

XRP has not fared well in the past few weeks, yet it remains significantly above the $0.40 mark where it began its rally, noted Wrath of Kahneman (@WKahneman), one of the most influential accounts within the XRP community.

> “I know it’s not a great run for #XRP price the last couple of weeks, but it’s still way ahead of $.40 all year 🙂 #Perspective.”
> — WrathofKahneman (@WKahneman) March 9, 2025

Despite another dip following a brief boost from expected XRP prospects in the U.S. crypto reserve, which may include Solana (SOL), Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH), the community remains positive. Wrath of Kahneman recognized the pain felt by investors who bought XRP above $2.60 but emphasized that the foundational aspects for Ripple remain strong:

> “Despite the news maelstrom, it’s good to remember the fundamental thesis hasn’t changed.”

The U.S. SEC dropped charges against several crypto businesses in 2025, raising hopes that it might soon resolve its dispute with Ripple under similar circumstances.

XRP Price Down by 33% Since January 2025 Peak

Since December 2020, the U.S. SEC has been suing Ripple Labs for alleged illegal sales of XRP. A legal victory for Ripple could substantially boost XRP’s price. However, the cryptocurrency’s performance remains far from its peaks in late December and January.

Currently, XRP is trading at $2.20—down 2.3% in the last 24 hours and has lost over 33% of its value since its local peak in mid-January 2025. CoinGlass data shows that approximately $30 million in XRP positions were liquidated within the last 24 hours, with 70% of those being long positions.