CoinDesk analysis points out that XRP remains 62.5% below its early 2018 peak of $3.55, while Bitcoin, Ether, Dogecoin, BNB, and Zcash have surged significantly above their 2017-2018 highs. Analysts attribute XRP's underperformance to a 63% increase in circulating supply, muted ETF uptake ($1.80 billion vs. Bitcoin ETFs' daily $1 billion+), and Ripple's prolonged legal battle with the SEC, which concluded in August 2025.