Asset context
The interval included changing XRP market access and the SEC v. Ripple litigation. Those developments overlap only portions of a multi-year episode and should not be treated as its sole cause.
XRP DRAWDOWN RESEARCH
XRP 2018–2025 drawdown and recovery
XRP remained below its January 2018 peak through multiple market cycles before a completed UTC observation exceeded that peak in January 2025.
- Peak date
- 2018-01-07
- Recorded trough
- 2020-03-12
- Maximum decline
- -94.9%
- Recovery status
- Recovered 2025-01-15
CANONICAL DRAWDOWN SERIES
Decline and recovery path
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- Peak
- 2018-01-07
- Trough
- 2020-03-12
- Maximum decline
- -94.9%
- Recovery
- 2025-01-15
- Days underwater
- 2,565
A drawdown is a measured peak-to-trough price path. Overlapping events are research context, not proof of a single cause.
Contagion and regime context
The broader period included the post-2017 crypto contraction, COVID liquidation shock, credit contagion, exchange failures, and later market recovery.
Events, entities, and evidence
These links identify overlapping evidence windows. They do not assign the full drawdown to any one event.
COVID Black Thursday liquidation cascade2020-03-12–2020-03-13 · focused event chart →SEC files civil action against Ripple and two executives2020-12-22 · focused event chart →Coinbase and other exchanges suspend XRP trading2020-12-28–2021-01-19 · focused event chart →TerraUSD depeg and LUNA collapse2022-05-07–2022-05-13 · focused event chart →FTX/Alameda liquidity crisis, withdrawal halt, and bankruptcy2022-11-02–2022-11-11 · focused event chart →XRPCanonical entity profile →RippleCanonical entity profile →U.S. Securities and Exchange CommissionCanonical entity profile →Open in Historical LaboratoryInspect the canonical series and market comparisons →
Original source: COVID Black Thursday liquidation cascade ↗Direct external evidence recordOriginal source: SEC files civil action against Ripple and two executives ↗Direct external evidence recordOriginal source: Coinbase and other exchanges suspend XRP trading ↗Direct external evidence recordOriginal source: TerraUSD depeg and LUNA collapse ↗Direct external evidence recordOriginal source: FTX/Alameda liquidity crisis, withdrawal halt, and bankruptcy ↗Direct external evidence recordRecovery interpretation: Recovery means a completed UTC price observation met or exceeded the prior peak. It does not mean every holder recovered or that purchasing, custody, or tax outcomes were identical.
−20 / +20 DAYS · COMPLETED UTC
Focused XRP market study
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No defensible chart is shown until at least two valid XRP observations are available.
Returns describe coincident market behavior around a documented event. They do not prove that the event caused the move or exclude other XRP-specific, crypto-market, or macro factors.