XRP started 2020 at approximately $0.19 and spent the first half of the year quietly consolidating. The COVID-19 pandemic caused a sharp drop in March 2020 — XRP briefly touched $0.11 — before recovering alongside the broader market.
The second half of 2020 brought optimism. Bitcoin's institutional adoption narrative drove the entire crypto market higher. By November 2020, XRP had recovered to $0.70 — its highest price since 2018. Volume surged, and sentiment was bullish.
Then came December 22, 2020. The US Securities and Exchange Commission filed a lawsuit against Ripple Labs and two of its executives, alleging that XRP was an unregistered security and that Ripple had raised $1.3 billion through illegal XRP sales. The price collapsed immediately — falling from $0.70 to around $0.17 within 72 hours.
The SEC lawsuit filed against Ripple on December 22, 2020 caused XRP to plunge from $0.70 to $0.20 in a matter of days.
Major exchanges including Coinbase, Binance US, and Kraken suspended or delisted XRP trading for US customers. Despite this, XRP did not disappear — international exchanges continued trading, and the XRP community remained active. The legal battle would ultimately last nearly five years before being resolved in Ripple's favor.
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MORE HISTORICAL DATA
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XRP price history for 2020. Covers XRP's recovery to $0.70, the SEC lawsuit file...
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XRP price history for 2020. Covers XRP's recovery to $0.70, the SEC lawsuit file...
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XRP price history for 2020. Covers XRP's recovery to $0.70, the SEC lawsuit file...