XRP has experienced a remarkable 590% increase, climbing from $0.35 to $2.41 since Jim Cramer predicted its downfall in December 2022. The surge comes amid positive institutional developments, such as Canary Capital's planned XRP ETF and Ripple's expansion of services in the U.S. Despite the bullish momentum, analysts are divided, with some cautioning about a possible retracement to $2.25.