XRP is currently trading at around $1.33, down about 64% from its all-time high of $3.65 reached in July 2025. The irony is that the cryptocurrency has been losing value over the past few months as Ripple, the company behind its primary exploit case, carries out development work at a pace that few technology companies in any sector can match.
A cryptocurrency expert on X pointed out what could be causing the disconnection. According to the expert, work on the development of XRP has already been completed, but the market has not reflected it in the price.
Ripple’s years of work may be coming to an end
According to the expert’s post, Ripple currently holds over 75 regulatory licenses in the world’s major financial markets. The expert says it would take eight to twelve years of continuous effort and hundreds of millions of dollars in legal and compliance resources to obtain even half of these licenses from scratch. “This phase of development has already taken place.” – wrote the expert. “The market hasn’t priced it in yet.”
Ripple has one of them widest compatibility footprint in the cryptocurrency industry, with regulatory licenses in major financial centers including Europe, UK, Asia Pacific, Middle East, and North America.
For example, Ripple has obtained both an electronic money institution license and crypto asset registration from the UK Financial Conduct Authority. In wider Europe, Ripple has received full approval EMI’s license in Luxembourg, granting it passporting rights enabling it to operate in all 27 EU Member States under a single authorisation.
On the US front: DTCC’s National Securities Clearing Corporation added catalog of Hidden road partners CIV US LLC, Ripple’s primary brokerage arm acquired for $1.25 billion, with operational settlement rights.
DTCC also filed patents in 2025, specifically mentioning Ripple and XRP as compatible infrastructure for its tokenized financial framework. For context, DTCC is the foundation of the entire US securities market.
The market still does not set prices in the utilities sector
Despite progress with Ripple, XRP price action is on a different path since its peak in 2025. The cryptocurrency is currently struggling to break above $1.40, and repeated rejections midway through the $1.30 level show that buyers are not yet willing to push it into a sustained uptrend.
The problem comes down to how markets assign value. Infrastructure itself does not immediately translate into higher prices unless it drives clear and sustained demand for the asset itself.
The broader cryptocurrency market also experienced capital outflows, mainly in February and March 2026 due to trade tariffs introduced by the Trump administration and the increasing military pressure in the Middle East. This is reflected in the outflows and inflows of spot cryptocurrency ETFs they are just starting to come back last few days.
The margin of the Senate Banking Committee under the CLARITY Act is planned for the second half of April 2026 and may be the last straw according to which the price of XRP reflects its development. This bill would permanently classify XRP as a digital commodity under federal law and could result in a multibillion-dollar inflow of novel ETFs.
Featured image from Pxfuel, chart from Tradingview.com
