XRP Initially Lagged in 2017 But Eventually Outpaced BTC with 48,823% Surge

In light of the recent lackluster performance from XRP, historical data has surfaced, confirming that XRP outperformed Bitcoin (BTC) in 2017, with a 48,823% surge despite initially lagging.

XRP began 2017 with a price of $0.00678, as recorded on Jan. 1, 2017. An interesting twist is that XRP recorded massive losses in the months leading to January 2017 and beyond. The asset witnessed five consecutive months of losses, from October 2016 to February 2017.

XRP collapsed by 37% within these five months, starting October 2016 at $0.00885 and closing February 2017 at $0.00557.

Conversely, Bitcoin recorded massive gains within these five months, registering four monthly wins out of five, from October 2016 to February 2017.

– Advertisement –

While XRP dropped 37%, Bitcoin skyrocketed by a massive 87%, surging from $571 at the start of October 2016 to $1,070 by February 2017.

Interestingly, Bitcoin continued to record gains beyond February 2017, but XRP picked up and surmounted the firstborn crypto before long.

XRP Rallied 48,823%; BTC Rose 1,935%

In March 2017, BTC dropped 10%. However, XRP exploded by an impressive 284% rally. XRP went on to record a 143% rise in April 2017 and a 374% surge in May 2017. Bitcoin also increased in these months, but by 26% and 70% respectively.

Both assets witnessed price upswings and declines throughout 2017, but saw a general uptrend, registering higher highs and higher lows as the months progressed. However, XRP outpaced Bitcoin during this period by a massive margin despite starting the bull run slow.

Bitcoin’s all-time high at the time came up in December 2017 following the bull run, as the asset rallied to $19,666 at the end of the year. However, XRP’s all-time high materialized in January 2018, as it surged to $3.31 at the start of 2018.

Essentially, Bitcoin increased from $966 in January 2017 to $19,666 in December 2017, marking a 1,935% rally during the 2017 bull run. Meanwhile, XRP surged from $0.00678 in January 2017 to $3.317 in January 2018, representing a 48,823% rally in the 2017 bull run.

An Uncanny Similarity 

XRP aimed to repeat this pattern during the 2021 bull run, but the lawsuit from the SEC dampened its price action.

Now that the asset now has legal clarity, it appears to be repeating the 2017 trend, as it records discouraging gains while Bitcoin witnesses impressive surges.

As observed in 2017, some XRP investors have already expressed dissatisfaction, leading to selloffs. However, an analyst recently revealed that assets such as XRP do not skyrocket in prices until Bitcoin overtakes its previous all-time high.

Currently trading for $0.6250, XRP is only up 21% since October. However, Bitcoin has surged 64% within the same timeframe, currently changing hands at $44,088.

While this trend appears similar to the 2017 pattern, it remains uncertain if XRP can register its 2017 surge due to the unpredictability of the crypto market.