Ripple’s XRP token has not hit the $1 level since November 2021 and the $2 level since January 2018. Although the asset is extremely popular for cross-border remittance purposes, its price has faced significant headwinds over the last few years.
Also Read: Ripple: Can XRP Reclaim Its All-Time High of $3.40 in 2024?
Why Has the Asset Struggled to Gain Momentum?
One of the most significant barriers to XRP’s price was Ripple’s lawsuit with the US SEC. The financial watchdog accused the fintech company of selling unregistered securities in December 2020.
The lawsuit presented substantial hurdles to the asset even during the 2021 bull run when other major cryptocurrencies were hitting new all-time highs.
Recently, the lawsuit was settled in the US High Court, and Ripple was asked to pay a fine to the financial regulator. XRP’s price witnessed a brief rally, which has since cooled down.
XRP to hit $2?
Telegaon’s Prediction
According to the researchers at Telegaon, Ripple’s XRP token could hit a maximum price of $2.17 in 2025. Reaching $2.17 from current price levels would translate to a rally of over 260%.
Also Read: Ripple: What Will XRP’s Price Be If Bitcoin Hits $300,000?
According to the site, XRP is expected to cross $1 in 2024 and reach a new peak of $5.18 in 2026. A 763% rise from the current price will be needed to reach $5.18.
Changelly’s Ripple Prediction
Changelly, on the other hand, is more bearish on Ripple’s XRP token. The platform anticipates XRP to breach the $2 mark in 2027, hitting a maximum price of $2.51 for the year.
Also Read: Ripple XRP Price Prediction if Cardano ADA Reaches $1.60
Changelly predicts XRP to hit a new all-time high of $3.57 in 2028, about four years from now. The platform also does not expect XRP to breach the $1 mark anytime before next year.
Credit: Source link
