Ripple’s XRP token has seen a significant rally over the past few days. The asset follows the current market uptrend, rallying 3.6% in the daily charts, 5.7% in the weekly charts, and 22% over the previous month. Furthermore, XRP’s price has increased by 67.4% since March 2023.
Also Read: Millions Of Ripple XRP Transferred From Major Exchange as Price Climbs
However, despite the latest rally, XRP’s price struggles to break the $0.67 level resistance. The asset unsuccessfully tested this level in December 2023 but was unsuccessful. The $0.67 price level seems to be a pivotal point for XRP’s rally.
Ripple XRP to hit $2
According to Changelly, XRP could hit $2.01 in November 2026, about two-and-a-half years from now. As for 2024, the platform anticipates XRP to hit a maximum price of $0.96850314. Reaching $0.96850314 from current levels would translate to a growth of about 56.2%.
Telegaon, on the other hand, is more bullish on Ripple’s XRP token. The platform anticipates XRP to breach the $2 in 2024, hitting a maximum price of $2.28 this year. Reaching $2.28 from current levels would translate to a growth of about 267.7%.
Also Read: Cardano vs. Ripple XRP: Which Cryptocurrency Will Hit $1 First?
While XRP’s recent rally is welcome, the asset’s growth has been slow compared to other projects. Moreover, XRP is down by over 81% from its all-time high of $3.40, which it attained in January 2018, over six years ago. On the other hand, most of the top cryptocurrencies hit their respective all-time highs in 2021. XRP’s slow movements could be due to Ripple’s ongoing lawsuit with the US SEC (Securities and Exchange Commission). Ripple received a favorable ruling from a US district court last year. However, the suit has entered the high court, and investors await a verdict. If the high court rules similarly to the district court, we may see a sudden price spike for the asset.
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