XRP was available in early 2021 for as little as $0.19. Even now, despite the decreases, the price is 370% higher. In other words, the $ 1000 XRP investment made in January 2021 has reached the level of $ 3700 these days.

Cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), hit all-time highs late in the year. Innovations like increased NFT adoptions, metaverse, Web 3.0 pushed the crypto ecosystem's market cap up to $3,009 billion in November.

BTC dominance, which was 73.63% in January, dropped to 39.56%, its 2021 low, in September. This situation has given altcoins serious bullish opportunities.

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According to CoinMarketCap, XRP is the 7th largest crypto with a market cap of $43.77 billion. In fact, XRP was able to stay at number 3 for a long time. Binance Coin (BNB), currently ranked 3rd by market cap, is up 1,356 percent for the year, while Cardano's ADA (rank 6) is up 691%. Solana (SOL), currently ranked 5th by market capitalization, has seen an impressive 12,764% increase over the year.

The SEC's lawsuit against Ripple Labs led to sales. Later in the year, however, hopes of reaching a positive settlement with the SEC pushed the XRP price above $1. The SEC, which classifies XRP as a security, claims to have raised over $1.3 billion through a digital asset security offering.

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Empower Oversight, a nonprofit government watchdog, claims that SEC officials are biased against Ripple Labs and XRP. A positive result from the SEC could quickly exceed $3.35, the ATH level that XRP saw in January 2018.

Some analysts claim that $5 levels will be reached in 2021. However, the negative outcome of the case could have a devastating effect on Ripple Labs and XRP holders. If regulatory oversight pressure has a negative impact on the cryptocurrency markets in 2022, the price may remain below $0.5 for the year.