I thought Ripple destroyed their valuation by not including themselves in the coin's ecosystem and trying to make their own private research labs for hosting what they could do on chain (if they merge these in the future then Ripple may do well again, perhaps not near the Ath for a while though as investors will be wary of its risk and lack of returns over the past few years).

Looking at coins like solana though, it doesn't seem unlikely for a coin to do something seemingly out of nowhere.