XRP Surpasses Bitcoin in 90-Day Gains But Remains Far Off Its All-Time High
XRP just topped Bitcoin in 90-day gains, yet the token sits nearly 60% below its peak with a staggering gap that neither ETF inflows nor corporate buyers can realistically close on their own.
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XRP (CRYPTO:XRP) has gained 37% over the past 90 days, slightly edging ahead of Bitcoin (CRYPTO:BTC), which rose 36%. However, XRP is still trading around 59% below its all-time high of $3.65, reached in July 2025. Investors are keen to understand what could help close this gap and how much demand is needed to boost prices.
As of October 1, 2026, XRP is trading at approximately $1.49. To return to its peak value, it would need to climb by 145%. Looking at the bigger picture, XRP’s performance has been less impressive, falling about 19% in 2026 and nearly 48% over the past year.
XRP Outpaced Bitcoin Over 90 Days but Trailed Ethereum and Solana
While XRP has outperformed Bitcoin recently, it lags behind other leading cryptocurrencies. During the same 90-day period, Ethereum (CRYPTO:ETH) jumped 57%, followed by Solana (CRYPTO:SOL) at 48%. This puts XRP third among these major coins.
| Coin | 90-Day Gain | Below Record |
|---|---|---|
| Ethereum | 57% | 45% |
| Solana | 48% | 60% |
| XRP | 37% | 59% |
| Bitcoin | 36% | 33% |
Bitcoin has recovered more of its losses, trading only about 33% below its own all-time high. This uneven recovery indicates that buyers are returning to crypto at different rates, with XRP and Solana experiencing the deepest drawdowns from their peak prices.
A significant portion of XRP’s 90-day increase happened in one rapid surge. The token was trading around $1.00 in mid-August and jumped to an intraday high just below $1.70 on August 22, marking a nearly 70% increase in about a week. Since then, XRP has retraced some of those gains, adding about 8% over the past month.
XRP Needs a $230 Billion Market Value to Reach Its All-Time High
Currently, XRP’s market value is approximately $94 billion, with 63 billion tokens in circulation. To match its all-time high of $3.65, XRP’s market capitalization would need to reach around $230 billion. This means an additional $136 billion in new buying is necessary to bring XRP back to its peak value.
XRP has a maximum supply of 100 billion tokens. About 37 billion tokens, worth roughly $55 billion at the current price of $1.49, remain outside circulation. Ripple holds the majority of these tokens in escrow and releases them gradually, meaning each new token available for trading requires a buyer to help drive the price up.
Evernorth and XRP ETFs Hold 1.65 Billion XRP, Under 2% of the Gap
Evernorth represents a significant buyer for XRP. Following the approval of a merger, Evernorth, which holds XRP on its balance sheet, is set to go public on Nasdaq. The company owns 473 million XRP, totaling about $705 million, although the listing has not yet taken place.
In addition, U.S. XRP ETFs are another source of demand. These funds collectively hold around 1.18 billion XRP, valued at approximately $1.77 billion, having attracted $75 million in just four days at the end of September.
When combined, Evernorth and the ETFs hold around 1.65 billion XRP, accounting for about 2.6% of the circulating supply. However, their combined value of $2.5 billion is still less than 2% of the $136 billion required for XRP to return to its all-time high. Thus, demand must come from additional buyers to support most of the price increase.
A 5.17% Treasury Yield Competes With XRP for Investors
One challenge for XRP is the competition with bond yields. As of September 25, the 10-year Treasury yield was at 5.17%, nearing its 2007 peak. This means investors can earn a reliable return from U.S. government bonds.
Since XRP does not pay interest, holding the token means giving up potential returns from safer assets like Treasuries, especially while waiting for a price recovery. Additionally, with the Federal Reserve’s recent rate hike on September 16 and upcoming meetings on October 27 and 28, pressure remains on non-interest-bearing assets.
Is XRP Likely to Hit Its All-Time High in 2026?
The chances of XRP reaching its all-time high of $3.65 before the end of 2026 are slim. To do that, the token needs a 145% increase and about $136 billion in new buying. With Evernorth and the ETFs holding less than 2% of that amount and Treasury yields offering a 5% return, the gap to XRP’s all-time high is more likely to take years to close than months.
So, what could start to close the gap toward XRP’s all-time high? A daily close above $1.70—about 14% higher—could be an encouraging sign, as sellers have previously halted rallies near that price on August 22 and around $1.66 on September 23. Conversely, if XRP falls below $1.40—around 6% lower—it might slide back toward $1.00, which it held in mid-August.
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Sam Daodu is a crypto analyst who's spent nearly a decade making blockchain understandable—no easy task when most whitepapers read like fever dreams. He writes for 24/7 Wall St., covering Bitcoin, altcoins, and crypto market analysis for investors. Before crypto, he was a tech writer (back when explaining "the cloud" was peak innovation). Since 2018, he's written for CoinTelegraph, Yahoo Finance, The Block, Cryptonews, Zypto, Rain, and more—basically anywhere people want crypto news without the headache. Sam runs MacLabs Marketing, a content agency for crypto brands tired of sounding like AI wrote their website. He also publishes free crypto education on his site for Web3 enthusiasts who think "gas fees" is a typo. When he's not writing or staring at charts, Sam's either: - Watching anime (currently convinced One Piece has better tokenomics than most altcoins) - At the gym sculpting himself into a Greek god - Listening to the music your mum warned you only bad boys listen to Connect: LinkedIn | Email | MacLabs Marketing
