XRP Is Down 50% in a Year and Zcash Is Up 2,361%. Can Zcash Hold $1,000?

While XRP and Bitcoin have spent a year bleeding out, a coin built to hide transactions just crossed a milestone that neither of them has reached. Whether that momentum survives its first full month in the spotlight is a very…

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The XRP (CRYPTO:XRP) price trades at $1.41, down 50% in the twelve months to September 5, while Zcash (CRYPTO:ZEC) has climbed 2,361% over the same period and cleared $1,000 for the first time on September 4.

Bitcoin (CRYPTO:BTC) is also down 28% over the year at $79,657, so two of the biggest coins in the market have fallen while a coin built to hide transactions has exploded. So what does Zcash have that XRP and Bitcoin don’t, and would it hold $1,000?

What Zcash Has That XRP and Bitcoin Do Not

Zcash is a privacy-based cryptocurrency that hides who sent a payment, who received it and how much it was. Most blockchains publish every transaction, so anyone can read the amounts and the addresses involved. XRP and Bitcoin work that way, but Zcash doesn’t, which is what sets it apart.

Moreover, the SEC closed a two-year investigation into the Zcash Foundation on January 14, 2026, without taking any action. That’s a regulator closing its file on a coin built to hide transactions, and it came after years ofpressure on privacy toolsin the U.S. that had prosecutors treating them as money-laundering software.

That decision came seven months beforeGrayscale’s spot Zcash ETFbegan trading on NYSE Arca on August 25. The fund is a conversion of a trust Grayscale has run since 2017, and it launched with $304 million in assets that had grown to $414.7 million by September 4. In November 2025 thesame trust held $137 million.

So the listing changed who is allowed to buy Zcash, because pensions, advisors and family offices can hold an ETF where many of them can’t hold tokens directly.

Why Zcash’s 2,361% Growth Flatters the Latest Move

The Zcash price closed at $1,024 on September 4 after reaching $1,051 during the day, and $34.5 million of shorts got squeezed on the way up, since traders who bet on a fall have to buy the coin back when the price goes against them.

Zcash closed at $569 on August 20 and $734 on August 21, and the run from there to $1,024 took just two weeks. In the 30 days to September 5 the coin is up 103%, and in the seven days to September 5 it is up 21%, so the buying picked up into the coin’s ETF debut on August 25 and didn’t stop after it.

That said, most of the 2,361% growth already happened in October and November 2025, not in the two weeks to September 4. Zcash traded at $41 in early September 2025 and had alreadysurged over 1,000%to $540 by November 2025. It then traded mostly between $500 and $570 for the next nine months, so the coin’s climb from $569 on August 20 to $1,024 on September 4 was an 80% gain on top of a rally that had largely ended ten months earlier.

Why XRP and Bitcoin Fell While Zcash Rose

XRP fell with the rest of the market, and it fell harder. The XRP price usually drops way lower than Bitcoin does whenever BTC falls, and over the twelve months to September 5 Bitcoin lost 28% while XRP lost 50%. Zcash is a $17 billion coin against XRP’s $88 billion, so the same money moving in or out moves Zcash’s price a lot further.

The drop came despite XRP having the two things that just lifted Zcash. The SEC and the CFTC jointly classified XRP as a digital commodity on March 17, 2026, which ended the legal uncertainty that began with the SEC’s lawsuit against Ripple in 2020.

XRP has also hadU.S. spot ETFssince November 2025, and they have taken in $1.66 billion, including a record $110 million in the week to August 28. But the ruling and the ETF inflows together aren’t enough against a falling market.

Meanwhile, the Bitcoin price has followed interest rates. The Fed has held rates at 3.50% to 3.75% since December 2025, and the 10-year Treasury yieldreached 4.82% on September 4, which is its highest since January 2025. Savers can earn 4.8% on a government bond at that yield, and Bitcoin pays nothing, so some of them move money out of Bitcoin when yields climb.

Will Zcash Hold Above $1,000?

The Zcash price could hold above $1,000 through September if investors keep buying the Grayscale fund, since the fund brought new buyers to the coin. But a new ETF that gets attention at launch doesn’t always keep it, so the Zcash price is unlikely to hold if the fund stops growing.

A daily close above $1,100 with the fund still adding assets would show the ETF buyers are still in control. But a daily close below $850 could see Zcash drop back to where it traded on August 25—the day the fund listed—and would mean the buyers have wound down. Zcash could give some of that gain back through September, as most coins usually do after climbing higher, but it could also keep climbing.

Meanwhile, if you hold XRP, the Senate’sCLARITY Actvote on September 15 could turn the coin’s commodity status into permanent law. Zcash shows what a new fund can do for a coin, and one could wonder if the vote does the same for XRP.

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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

Source: 247wallst.com