Asset context
No single XRP-specific record covers the complete interval, so the analysis separates measured returns from narrative attribution.
XRP fell from a January 2025 local peak, reached an April trough, and recovered above the peak in July.
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A drawdown is a measured peak-to-trough price path. Overlapping events are research context, not proof of a single cause.
No single XRP-specific record covers the complete interval, so the analysis separates measured returns from narrative attribution.
The Bybit hack occurred during the drawdown and is relevant crypto-market context, but timing alone does not prove it caused the full episode.
These links identify overlapping evidence windows. They do not assign the full drawdown to any one event.
Recovery 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.
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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.