Ripple’s XRP token is one of the most utilized currencies for cross-border remittance. Despite its popularity, the asset has struggled to gain momentum in the last few years. XRP hit an all-time high in January 2018, over six years ago. The asset failed to hit a new high during the 2021 bull run, while other significant assets were hitting all-time highs.
Also Read: Ripple vs. SEC: The Battle Isn’t Over Yet!
Why Has XRP Struggled Over the Last Few Years?
XRP’s lackluster performance over the last few years is likely due to Ripple’s lawsuit with the SEC. The SEC alleges that the fintech company sold unregistered securities.
The lawsuit hit a significant milestone recently, with Ripple being slapped with a $125 million fine, much lower than the SEC’s $2 billion demand. Following the positive ruling, XRP’s price began to rally. However, the price levels did not hold.
When will the asset hit $100?
Changelly analysts anticipate XRP hitting the $100 mark sometime between 2033 and 2040. The platform predicts Ripple’s XRP will hit a maximum price of $23.48 in 2033. Changelly, researchers anticipate the asset hitting a peak of $413.67 in 2040.
Telegaon researchers are far more bearish on XRP. They predict the asset will breach the $100 mark in 2050, about 26 years from now. The platform anticipates XRP hitting a maximum price of $105.27 in 2050.
Also Read: Ripple: How High Can XRP Go If Bitcoin Hits $100,000?
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XRP may surpass the $100 mark far sooner than expected. If the SEC decides not to pursue the case further, the asset’s adoption and price may increase sharply.
Also Read: DRW Venture Capital Discloses $150M Ethereum ETF Holdings
A situation like this would cause XRP to hit the $100 threshold considerably sooner than Changelly and Telegaon had anticipated.
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