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Ripple’s XRP had a tough couple of years with the Securities and Exchange Commission (SEC) of the United States targeting the firm. The SEC’s last-minute appeal earlier today infuriated the XRP Army.
In doing so, the government hopes to overturn portions of a summary decision that U.S. District Judge Analisa Torres handed down over a year ago. By finding that Ripple’s sales of XRP to individual investors on digital asset platforms did not contravene U.S. securities laws, Torres’ July 2023 opinion largely rewarded the business.
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XRP’s Price Journey And Future Projections
While Ripple navigates its way through these legal hurdles, the price of the asset continues to move sideways. Despite this battle, the altcoin has managed to retain itself in the top 10. At press time, the altcoin was trading at $0.5501 following a dainty drop of 0.31% over the past 24 hours.
Due to its stagnancy over the last couple of years, the altcoin has failed to move anywhere close to its all-time high of $3.84. Currently, XRP is 85% below this peak. While inching towards this seems nearly impossible at the moment, the community is vouching for Ripple’s asset to hit $1 sooner rather than later.
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When Will XRP Reach $1?
The community expects the altcoin to hit this milestone as soon as possible, as this year is considered bullish. But Changelly revealed that XRP could take slightly longer. According to the price prediction firm, the asset will peak in 2026. Specifically, XRP will attain the $1 dream in July of 2026. Holders will have to wait about two years before reaping the benefits of this upcoming spike.
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