For Ripple's customers, XRP enables affordable cross-border payments and microtransactions because it was especially created with real-world usage in mind.
XRP's price in 2022 began at US$0.8313 and fell to a low of US$0.5587 on January 24, 2022, as the value of other cryptocurrencies fell.
On February 8th, XRP increased to US$0.91, but was unable to maintain the gains.
The price of XRP increased to US$0.9081 on March 28 but was unable to hold that level, moving downward to US$0.56 on May 8.
On May 12, as cryptocurrency markets crashed due to the failure of the Terra cryptocurrency tokens UST and LUNA, the price fell to US$0.3852.
After Ripple CEO Brad Garlinghouse made the same suggestion in a recent appearance with Fox Business on September 22, the buying increased.